What Cost Concept Used in Applying the Cost-Plus Approach to Product

question 28

Multiple Choice

What cost concept used in applying the cost-plus approach to product pricing includes only total manufacturing costs in the "cost" amount to which the markup is added?

• A) Variable cost concept
• B) Total cost concept
• C) Product cost concept
• D) Opportunity cost concept

---

Definitions:

Objectification

The treatment of people as objects or commodities, stripping them of their dignity and reducing them to mere things.

Theory of Technological Competency

A framework that explains the skills and knowledge required to effectively use and integrate technology in a specific domain.

Objectification

Treating a person or a group of people as an object rather than recognizing their humanity and individuality.

Wholeness

The state of forming a complete and harmonious whole; unity.