Question
Which of the following is not truewhen determining the selling price for a product? a.As long as the selling price is set above the variable
Which of the following is not truewhen determining the selling price for a product?
a.As long as the selling price is set above the variable costs,the company will make a profit in short run.
b.Variable costing is effective when determining short rundecisions, but absorption costing is only used for long-termpricing policies.
c.Absorption costing should be used to determine routine pricingwhich includes both fixed and variable costs.
d.Both variable and absorption pricing plans should beconsidered, to include several pricing alternatives.
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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