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When using the product cost concept of applying the cost-plus approach to product pricing, what is included in the markup? a. total costs plus desired
When using the product cost concept of applying the cost-plus approach to product pricing, what is included in the markup?
| a. | total costs plus desired profit | |
| b. | total fixed manufacturing costs, total fixed selling and administrative expenses, and desired profit | |
| c. | total selling and administrative expenses plus desired profit | |
| d. | desired profit |
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