When Using the Total Cost Concept of Applying the Cost-Plus

question 98

Multiple Choice

When using the total cost concept of applying the cost-plus approach to product pricing, what is included in the markup?

• A) total selling and administrative expenses plus desired profit
• B) total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit
• C) total costs plus desired profit
• D) desired profit

---

Definitions:

North-Central Africa

A region of the African continent comprising various countries located in the central part across the equator, rich in cultural diversity and natural resources.

Niger-Congo

A large language family covering much of Sub-Saharan Africa, encompassing several hundred languages spoken by millions.

Acephalous Societies

Societies without a central head or hierarchy of authority figures, often organized on the basis of kinship or clans.

Political Organization

An entity that seeks to influence public policy and decision-making, often through electoral processes.