Knowing the unit cost per item helps managers set appropriate selling prices.

Question

Quizplus · Accepted Answer

Knowing the unit cost per item is an essential aspect of determining the selling price of a product. Managers can use the unit cost to calculate the profit margin and ensure they are selling the product at an appropriate price to cover costs and make a profit. Therefore, it is true that knowing the unit cost per item helps managers set appropriate selling prices.

Knowing the Unit Cost Per Item Helps Managers Set Appropriate