________ is a cost management technique in which the firm determines the required cost for a product or service in order to earn a desired profit when the marketplace establishes the product's selling price.
A)Relevant costing
B)Product costing
C)Differential costing
D)Target costing

Question

Quizplus · Accepted Answer

Target costing is a technique where the firm works backward from the market price to determine the allowable cost to achieve a desired profit margin.

________ Is a Cost Management Technique in Which the Firm