In target costing, the cost of a product is the starting point and the selling price follows from the cost.
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Q41: In the absorption approach to cost-plus pricing,
Q42: Generally speaking, managers should set higher prices
Q43: All other things equal including costs, if
Q44: Under the absorption approach to cost-plus pricing
Q45: Companies that use value-based pricing establish selling
Q47: "Cost-plus" pricing means that all costs--manufacturing, selling,
Q48: Most of the opportunities to reduce the
Q49: The markup over cost under the absorption
Q50: In value-based pricing, the economic value to
Q51: The markup over cost under the absorption
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