Question: 1 4 ) ( 0 . 5 pts ) When using the product cost concept of applying the cost - plus approach to product pricing,

14)(0.5pts)
When using the product cost concept of applying the cost-plus approach to product pricing, what is included in the markup?
Student ResultsMultiple ChoiceMultiple Choice Options
desired profit
Incorrect
total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit
total costs plus desired profit
total selling and administrative expenses plus desired profit

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