(Terminology) Match the following lettered terms on the left with the appropriate numbered description on the right.

27.(Target costing) Headcrafts has developed a new material that has significant po¬ tential in the manufacture of sports caps. The firm has conducted significant market research and estimated the following pattern for sales of the new caps:

If the firm desires to net $1.50 per unit in profit, what is the target cost to produce the new caps?LO1

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a. Simultaneous engineering b. Target cost c. Research and development d. Activity driver e. Manufacturing cycle efficiency f. Non-value-added activities g. Cost driver h. Activity-based costing i. Process map j. Value-added activity k. Life cycle stages