The four tasks that follow take place with the concept known as target costing:
1-Value engineering.
2-Establish a target selling price.
3-Establish a target cost.
4-Establish a target profit.
Which of the following choices depicts the correct sequence of these tasks?
A)1,3,4,2.
B)3,1,4,2.
C)2,4,3,1.
D)2,3,1,4.
E)Some other sequence not listed abovE.

Question

Quizplus · Accepted Answer

First, establish a target selling price (2), then establish a target profit (4), followed by establishing a target cost (3), and finally, perform value engineering (1).

The Four Tasks That Follow Take Place with the Concept