Full costs of the product

Full costs of the product is the sum of all variable and fixed costs in all business functions of the value chain (R&D, design, production, marketing, distribution, and customer service).

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Full costs of the product. The sum of all variable and fixed costs in all business functions of the value chain (R&D, design, production, marketing, distribution, and customer service).