In which of the following pricing methods is the markup added to manufacturing cots and selling and expenses to determine the selling price?
A)Total cost method
B)Product cost method
C)Variable cost method
D)Fixed cost method

Question

Quizplus · Accepted Answer

The Total cost method includes not only the direct manufacturing cost but also includes the selling and administrative expenses. The markup is added to the total costs to determine the selling price. Therefore, A) Total cost method is the best choice for this question.

In Which of the Following Pricing Methods Is the Markup