Relevant Costs for Target Costing Include

question 27

Multiple Choice

Relevant costs for target costing include:

• A)variable manufacturing costs.
• B)variable manufacturing and variable nonmanufacturing costs.
• C)all fixed costs.
• D)all future costs,both variable and fixed.

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Definitions:

CRA

Stands for Canada Revenue Agency, the federal agency responsible for administering tax laws and various social and economic benefit and incentive programs.

Potential New Shareholders

Individuals or entities that may consider investing in a company's equity but currently do not hold any shares.

Auction Market

A marketplace in which buyers and sellers express their prices through bids and offers, and transactions occur at prices where supply and demand meet.

OTC Market

Over-the-counter market, a decentralized market where securities not listed on major exchanges are traded directly between parties.