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Which of the following statements is true? 1. Target costing involves adding a target profit per unit to actual unit cost to determine the selling
Which of the following statements is true? 1. Target costing involves adding a target profit per unit to actual unit cost to determine the selling price. 2 Most of the opportunities to reduce the cost of a product come from outsourcing production to where labor is relatively inexpensive. 3. "Cost-plus" pricing means that all costs-manufacturing, selling, and administrative are included in the cost base from which the target selling price is derived. Multiple Choice Only statement 1 Is true. Only statement 2 is true. Only statement 3 Is true. None of the statements are true.
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