What does full cost represent?
A)only semi-variable costs.
B)variable costs.
C)both fixed and variable costs.
D)fixed costs.

Question

Quizplus · Accepted Answer

Full cost represents both fixed and variable costs. It includes all the costs associated with producing a product or providing a service, including direct costs such as materials and labor, as well as indirect costs such as rent, utilities, and depreciation. By including both fixed and variable costs, full cost gives a comprehensive view of the true cost of production.

What Does Full Cost Represent