You have been asked to give a brief presentation to a group of trainee accountants about key features of target costing. Which THREE statements in relation to target costing should be included? Solution 

A.Target costing is driven by external market prices. 

B.Target costing is a reactive technique. 

C.A target cost can incorporate reducing cost targets. 

D.Target costing is a supply push system. 

E.Target costing involves all departments working on a product