Target costing starts with the:
A)price the supplier wants to charge for goods or services.
B)price the buyer wants to pay for a good or service.
C)cost of materials to make an end product.
D)price of a final product or service.
E)total cost of doing business with a supplier.

Question

Quizplus · Accepted Answer

Target costing begins with determining the competitive market price of a final product or service, and then works backward to ensure that production costs allow for a desired profit margin.

Target Costing Starts with The