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1. What is target costing? Does design affect target costing? Explain in full detail. 13-23 Cost-plus, target pricing, working backward. KidsPlay, Inc., manufactures and sells

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1. What is target costing? Does design affect target costing? Explain in full detail.

13-23 Cost-plus, target pricing, working backward. KidsPlay, Inc., manufactures and sells table sets. In 2016, it reported the following: Units produced and sold Investment Markup percentage on full cost Rate of return on investment Variable cost per unit 3,000 $3,000,000 10% 15% $600

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