The total of all manufacturing costs plus the total of all selling and administrative costs is equal to ________.
A)marginal cost
B)target cost
C)full cost
D)contribution cost

Question

Quizplus · Accepted Answer

The total of all manufacturing costs plus the total of all selling and administrative costs is commonly known as full cost. Marginal cost refers to the cost of producing one additional unit, target cost is the estimated cost needed to manufacture a product at a desired profit margin, and contribution cost refers to the difference between total revenue and variable costs.

The Total of All Manufacturing Costs Plus the Total of All