Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Appendix A - Pricing Products and Services - Questions - Page 722: A-1

Answer

Cost-plus pricing is a pricing method in which a predetermined markup is applied to a cost base to determine the target selling price.

Work Step by Step

Cost-plus pricing is a pricing method in which a predetermined markup is applied to a cost base to determine the target selling price.
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