Question: Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. All of the following are cost-plus methods
Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. All of the following are cost-plus methods to determine selling price except a. product cost concept b. total cost concept C. variable cost concept d. fixed cost concept 2. Which of the following determine normal selling price? a. Cost amount per unit plus markup b. Cost amount per unit minus markup c. Cost amount per unit divided by markup d. None of these choices are correct. 3. Target cost is computed by a. cost per unit minus desired profit b. expected selling price minus desired profit C. revenue minus expenses d. None of these choices are correct
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