Asked by Nyasia Green on Jun 08, 2024
Verified
Fixed costs are included in the markup
A)Total cost method
B)Variable cost method
C)Normal selling price
D)Product cost method
E)Yield pricing
Total Cost Method
This method involves identifying the total cost of producing goods or services, including both fixed and variable costs.
Fixed Costs
Expenses that do not change in proportion to the level of production or sales, such as rent, salaries, and insurance.
- Assess and illustrate different costing terms and methods of pricing.
Verified Answer
MC
Learning Objectives
- Assess and illustrate different costing terms and methods of pricing.
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