Full costs of the product
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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).
