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 manufacturer’s overheads computation.
Link to This DefinitionDid you find this definition of FULL COST PRICING helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary