The practice of adding a percentage of specified dollar amount—or markup—to the base cost of a product to cover unassigned costs and to provide a profit is called _____ pricing.
a. full-cost
b. breakeven
c. incremental-cost
d. cost-plus
Answer: D
The practice of adding a percentage of specified dollar amount—or markup—to the base cost of a product to cover unassigned costs and to provide a profit is called _____ pricing.
a. full-cost
b. breakeven
c. incremental-cost
d. cost-plus
Answer: D