Question: When using the total cost concept of applying the cost-plus approach to product pricing, what is included in the markup? a.total selling and administrative expenses

When using the total cost concept of applying the cost-plus approach to product pricing, what is included in the markup?

a.total selling and administrative expenses plus desired profit

b.total costs plus desired profit

c.desired profit

d.total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit

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