Q365
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
AnswerD.
locked-in cost pricing
Answer: Option C
Solution
Answer: Option C
Solution:
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.