An important focus in product life cycle costing is
A)the activity base.
B)the target cost.
C)the cost driver.
D)variable costs.

Question

Quizplus · Accepted Answer

Target cost is an important focus in product life cycle costing as it involves setting a desired cost for a product based on the market price and desired profit margin, and then designing the product and its production process to meet that cost target. This helps to ensure that the product is profitable throughout its life cycle.

An Important Focus in Product Life Cycle Costing Is