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What is target costing? Select one: a. Target costing uses supply and demand to determine the maximum cost b. Target costing calculates the maximum allowable

What is target costing? Select one:

a. Target costing uses supply and demand to determine the maximum cost

b. Target costing calculates the maximum allowable cost based on anticipated market price

c. Target costing is another term for absorption costing

d. Target costing calculates the target markup percentage to determine the price

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