True or False Product cost under Variable costing are DM, DL and VOH only.     Under absorption costing, FOH is considered as indirect product cost. 3. Depreciation cost is always product cost

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.