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

question 11

Multiple Choice

In 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:

Industrial Diseases

Illnesses or conditions primarily caused by exposure to risk factors arising from work or the work environment.

Work-related Health

Pertains to the management and prevention of diseases and injuries that occur as a result of occupational hazards and work environment.

Jurisdictions

The official power to make legal decisions and judgments, often within a specific geographical area.

Safety Officer

An individual responsible for overseeing and enforcing workplace safety standards to prevent accidents and injuries.