Question 35 3 pts After conducting a market research study, Magnificent Manufacturing decided to produce a new interior door to complement its exterior door line. It is estimated that the new interior door can be sold at a target price of $260. The annual target sales volume for interior doors is 20,000. Magnificent has target operating income of 40% of sales. What is the target cost for each interior door? $104 $260 $364 $156 Question 36 3 pts Which of the following is true of value engineering? It is the process of building a new product by first determining the selling price of the product It is the process by which a company analyzes its own process to reduce cost. It is the process by which a systematic evaluation of all aspects of the value chain, with the objective of reducing costs and achieving a predetermined quality level. It is the process by which the competitor's products are disassembled and analyzed