1.Companies are devoting an increased amount of attention to environmental cost management. Briefly explain the difference between (A) private versus social environmental costs and (B) visible versus hidden environmental costs. Provide an example of each.

2.When pricing products, many companies use target costing and/or cost-plus pricing methods.

Required:

A. Briefly explain how target costing is applied to new products.

B. How does target costing differ from cost-plus pricing?

C. Can an activity-based costing system be used with target costing? Explain