Target costing is: a method of cost planning to reduce only manufacturing costs
ID: 2800473 • Letter: T
Question
Target costing is:
a method of cost planning to reduce only manufacturing costs to targeted levels.
the process of examining each component of a product to determine whether its cost can be reduced.
the process of managing R&D and design costs.
a system that focuses on reducing costs during the manufacturing cycle.
A.a method of cost planning to reduce only manufacturing costs to targeted levels.
B.the process of examining each component of a product to determine whether its cost can be reduced.
C.the process of managing R&D and design costs.
D.a system that focuses on reducing costs during the manufacturing cycle.
Explanation / Answer
a is correct.
Target costing is involves setting a target cost to achieve desired profit margin.
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