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Explain the difference between cost-plus pricing and targeting costing?

Accounting Costing
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/04/11
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SULTAN-E- ROOM
by SULTAN-E- ROOM , Head Accountant , DALLA DRIVING ACADEMY

In Cost plus pricing the price of a product is calculated as cost incurred on the product plus profit amount.  while in Target costing the amount incurred on the product is managed from a predetermined cost for a product

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