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Target cost application 1.Interpret the illustration on the Target Costing concept. 2.Discuss the following two points and justify your answers: Tactics to follow if the

Target cost application

1.Interpret the illustration on the Target Costing concept.

2.Discuss the following two points and justify your answers:

Tactics to follow if the market price goes up. Would the profit margin rise or increase the target cost?

Tactics when the market price goes down. Would the profit margin fall or would it implement controls to further reduce the target cost?

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