A. market based approach
B. cost incurrence pricing
C. cost plus pricing
D. locked-in cost pricing
✅ The correct answer is option C.
Product costing technique in which markup component is added into cost base, to set a target price is known as cost plus pricing. Product costing methods are used to assign a cost to a manufactured product.
Product costing technique in which markup component is added into cost base, to set a target price is known as cost plus pricing. Product costing methods are used to assign a cost to a manufactured product.