True or False: Cost-plus pricing is most likely to be used for unique products where no market price information existsareas like construction jobs, defense contracts, and custom orders.

True or False: The product life cycle covers the time from initial research and development to the time at which support to the customer is withdrawn. Managers estimate revenues and costs throughout the products life cycle to make pricing decisions. Life-cycle costs include not only the costs of development and production, but also the costs of maintenance and disposal.

True or False: In general, accounting records accumulate cost information according to its behaviour (i.e., variable and fixed).

True or False: Both variable and fixed manufacturing overhead costs are included in the manufacturing overhead budget.