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Which of the following best describes target costing?

A Setting a cost by subtracting a desired profit margin from a competitive market price

B Setting a price by adding a desired profit margin to a production cost

C Setting a cost for the use in the calculation of variances

D Setting a selling price for the company to aim for in the long run

Accounting Economics
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Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/05/20
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Mohammed Osman Chaker Sultani
by Mohammed Osman Chaker Sultani , Production Supervisor , Pure Glass Sharjah LLC

A Setting a cost by subtracting a desired profit margin from a competitive market price

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