Which of the following BEST describes target costing? (a) Setting a selling price for the company to
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Which of the following BEST describes target costing?
(a) Setting a selling price for the company to aim for in the long run
(b) Setting a cost for the use in the calculation of variances
(c) Setting a price by adding a desired profit margin to a production cost
(d) Setting a cost by subtracting a desired profit margin from a competitive market price
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