A company is setting the price on a special order of a manufactured product routinely made.What type of information is needed to set the price?

Question

Quizplus · Accepted Answer

To set the price for a special order of a manufactured product, problem-solving information is needed. This includes the cost of materials, labor, overhead, and any additional expenses related to the order. It also involves considering the market demand and competition to determine a price that is both profitable and competitive. Scorekeeping information is concerned with evaluating the performance of the company and is not directly relevant to pricing decisions. Attention directing information involves identifying areas of the business that require attention and may not be directly related to pricing decisions. Interim reports provide updates on the progress of the company's operations and do not provide information specific to pricing decisions.

A Company Is Setting the Price on a Special Order