Question

in the full cost pricing which cost is the base of the price​

Answer 1

Answer:

Full cost pricing is a practice where the price of a product is calculated by a firm on the basis of its direct costs per unit of output plus a markup to cover overhead costs and profits.

Answer 2

Concept:

Cost is the expenditure that is incurred in the production of goods and services. It is the value of goods and services that is used in the process of production to convert raw material into the finished goods.

Given:

It is given that in the full cost pricing which cost is the base of the price​.

To find:

In the full cost pricing which cost is the base of the price is to find out.

Solution:

Full cost pricing is when a company determines the price of a product based on its direct expenses per unit of output plus a markup to cover overhead and profits.