When using the product cost concept of applying the cost-plus approach to product pricing, what is included in the markup?
A) desired profit
B) total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit
C) total costs plus desired profit
D) total selling and administrative expenses plus desired profit

Question

Quizplus · Accepted Answer

The Answer of When using the product cost concept of applying the cost-plus approach to product pricing, what is included in the markup?
A) desired profit
B) total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit
C) total costs plus desired profit
D) total selling and administrative expenses plus desired profit

When Using the Product Cost Concept of Applying the Cost-Plus