Place the Five Steps in Implementing a Target Costing Approach

question 60

Multiple Choice

Place the five steps in implementing a target costing approach in the proper order:
1 - Determine desired profit
2 - Use kaizen costing and operational control to reduce costs
3 - Determine the market price
4 - Use value engineering to identify ways to reduce product costs
5 - Calculate the target cost at market price less desired profit

• A) 3,2,1,4,5.
• B) 2,5,4,1,3.
• C) 4,5,1,3,2.
• D) 3,1,5,4,2.
• E) 5,3,2,1,4.

---

Definitions:

Axons

Long, slender projections of neurons that conduct electrical impulses away from the neuron's cell body, facilitating communication within the nervous system.

Neurons

Specialized cells within the nervous system that transmit information through electrical and chemical signals.

Brain Operation

Surgical intervention aimed at treating brain-related conditions or injuries, often involving the removal or repair of brain tissue.

Billion

A number representing a thousand million (1,000,000,000) in the American and modern British numeric system.