If a company uses target costing, it establishes a products cost first and then its price. T/F

A pharmaceutical company that sells patented drugs will most likely be a price taker. T/F

A criticism associated with cost-plus pricing is that it does not consider demand. T/F

A motorcycle manufacturer such as Harley Davidson is likely to use time and material pricing. T/F

If a division has excess capacity, the opportunity cost included in its minimum transfer price is zero. T/F