Target costing is the process of designing a process to meet a specific cost objective.

Name: Target costing is the process of designing a process to meet a specific cost objective.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Target costing is the process of determining a cost target for a product or service and then designing the product or service to meet that target cost. It involves forecasting the costs of production and ensuring that the product or service is designed and developed to meet the cost target.

Target Costing Is the Process of Designing a Process to Meet