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.

Which of the following ctatements is true? 1. Target conting irvolvos adding a target profit per unit to actual unit cost to determine the seling pnce. 2 Most of the opportunitios to reduce the cost of a product come from oursourcing production to where labor is refattvely inexpensive. 3. "Cost plus" pricing means that all costs-manufacturing, soling. and administratve-are included in the coct base from which the target selling price is dertved. Mutple choose Ony statement 1 is true. Only statement 2 is true. Only statement 3 is true. None of the stacments are true