Product costing technique in which markup component is added into cost base, to set a target price is known as
A. market based approach
B. cost incurrence pricing
C. cost plus pricing
D. locked-in cost pricing
Answer: Option C
Solution(By Examveda Team)
Product costing technique in which markup component is added into cost base, to set a target price is known as cost plus pricing. Product costing methods are used to assign a cost to a manufactured product.This Question Belongs to Management >> Management Accounting
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