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14 February, 01:05

For a company using target costing, market price minus profit equals target price.

O True O False

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Answers (1)
  1. 14 February, 02:20
    0
    For a company using target costing, market price minus profit equals target cost and not target price.

    The correct answer is False

    Explanation:

    Target cost is the excess of market price over target profit margin. In target costing, the company does not fix the selling price because selling price is determined by the market.
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