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Which of the following is a FALSE statement about target costing? a. Target costing is cost driven. b. Target costing is a method of determining

Which of the following is a FALSE statement about target costing?

a.
Target costing is cost driven.

b.
Target costing is a method of determining the cost of a product or service based on the price that customers are willing to pay.

c.
Target costing is an interactive process.

d.
The cost is calculated by subtracting the desired profit from the target price.

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Previous Question Next Question

	a.	Target costing is cost driven.
	b.	Target costing is a method of determining the cost of a product or service based on the price that customers are willing to pay.
	c.	Target costing is an interactive process.
	d.	The cost is calculated by subtracting the desired profit from the target price.