______________________________ Is the Amount by Which Expected Future Earnings Exceed

question 58

Short Answer

______________________________ is the amount by which expected future earnings exceed the required earnings.

Learn the importance of value engineering and its role in achieving target costs by eliminating non-value-added elements.

Understand the concept and processes involved in re-engineering.

Calculate and analyze target costing and pricing strategies.

Identify and differentiate between value-added and non-value-added activities.