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64. What pricing method may be used if there are several providers in the same market and there is sufficient demand for your product? A. Demand-based method b. Total cost method c. Cost-plus method d. Competition-based method ANS: D DIF: Easy OBJ: 25-02 NAT: AACSB Analytic | IMA-Decision Analysis 65. What pricing method is used if all costs are considered and a fair mark-up is added to determine the selling price? A. Total cost method b. Demand-based method c. Variable cost method d. Mark-up method ANS: A DIF: Easy OBJ: 25-02 NAT: AACSB Analytic | IMA-Decision Analysis 66. Using the variable cost concept determine the selling price for 30,000 units using the following data: Variable cost per unit $13.00, $120,000 desired profit, and total fixed costs $80,000. DIF: Easy OBJ: 25-02 NAT: AACSB Analytic | IMA-Decision Analysis 67. Which equation better describes Target Costing?

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