Question
Assume that you work for a company that wants to develop a product to compete with the kindle. You have been assigned the task to
Assume that you work for a company that wants to develop a product to compete with the kindle. You have been assigned the task to using target costing to help in its development. do a research for kindle product reviews and product specifications and get price quotes. why would your company's management want to use target costing to help in its development of a competitive ebook reader? what retail price would you suggest be used as a basis for target costing? assuming a desired profit of 25 percent of selling price, what is the resulting target cost? what actions should the company take now?
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