In the _____ approach, all costs are allocated to products, customers, or other categories.
A) contribution margin
B) full-cost
C) marketing overheads
D) gross margin
E) overhead

Question

Quizplus · Accepted Answer

The full-cost approach allocates all costs, including direct and indirect costs, to products, customers, or other categories. This approach is used to determine the total cost of producing a product or providing a service, including all fixed and variable expenses.

In the _____ Approach, All Costs Are Allocated to Products