Complete the chart below by putting an "X" in the appropriate box:
Definitions:
Total Variable Cost
The cumulative cost that varies directly with the level of production or sales volume.
Cost-Plus Pricing
A selling price determination approach where a fixed markup is added to the per unit cost of the product.
Mark-Up Percentage
The additional percentage included in the goods' cost price to account for overhead expenses and profit in the sales price.
Time And Material Pricing
A pricing method where the customer is charged based on the time spent on a service and the cost of materials used.
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