Managers only need to consider inventoriable product costs when setting prices.

Name: Managers only need to consider inventoriable product costs when setting prices.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Managers need to consider both inventoriable product costs and period costs, such as selling and administrative expenses, when setting prices. This is because both types of costs impact a company's overall profitability and should be factored into pricing decisions.

Managers Only Need to Consider Inventoriable Product Costs When Setting