What is the basic premise of target costing, Accounting Basics

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What is the basic premise of target costing

What is the basic premise of target costing?

Customers are generally willing to pay for whatever companies design, so cost should not be a factor in the design process.
Products should be designed to meet customer needs at a price customers are willing to pay that allows the company to make a reasonable profit.
Products should be designed to include as many features as possible.
Products should be designed based on what features are technolo

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Accounting Basics: What is the basic premise of target costing

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Accounting Basics: What is the basic premise of target costing

Reference No:- TGS0688375

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What was the predetermined overhead allocation rate

Q : Calculate the equivalent units of production for the month

Q : Uses a capital intensive production process

Q : Explain the companies contribution margin income statement

Q : What is the basic premise of target costing

Q : Usage of other production operating managers

Q : Determine how many units must be sold

Q : What is the target cost per opener

Q : How much gross profit was realized from this sale

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the basic premise of target costing

Reference No:- TGS0688375

Recent Questions Asked Accounting Basics

Q : What was the predetermined overhead allocation rate

Q : Calculate the equivalent units of production for the month

Q : Uses a capital intensive production process

Q : Explain the companies contribution margin income statement

Q : What is the basic premise of target costing

Q : Usage of other production operating managers

Q : Determine how many units must be sold

Q : What is the target cost per opener

Q : How much gross profit was realized from this sale

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