For setting long-term prices, a company should ideally use full product costs. Full product costs for pricing
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include all direct costs plus an appropriate allocation of the indirect costs of all business functions
include all costs that are traceable to the product
include all manufacturing and administrative costs
allow for the highest possible product prices
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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