FULL COST PRICING
\fˈʊl kˈɒst pɹˈa͡ɪsɪŋ], \fˈʊl kˈɒst pɹˈaɪsɪŋ], \f_ˈʊ_l k_ˈɒ_s_t p_ɹ_ˈaɪ_s_ɪ_ŋ]\
Definitions of FULL COST PRICING
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Selling price added to the direct cost per unit of a product including all overheads as well as projected profit margin. The profit margin is a fixed portion of the average total cost of the product. Less than full capacity use of a plant is numbered in to allow for ups and downs in the output. Part of a manufacturerâ€™s overheads computation.
By Henry Campbell Black