To maximise profit

To maximise profit, you need to sell your output at the highest price. After what you have learned this week with regards XXX systems and pricing of products, analyse the validity of this statement. How should marginal costs be considered when determining prices?

Textbook is by

Atrill, P. & McLaney, E. (2012) Management Accounting for Decision Makers. 7th ed. Harlow, England : Pearson Education Ltd. and the points are:

Full costing and variable costing

The modern product costing and pricing environment

Principles and practices of activity-based costing

New approaches to managing product costs

Issues underlying pricing decisions