Management Accounting Information Helps Managers Calculate a Target Cost for a Product

question 89

True/False

Management accounting information helps managers calculate a target cost for a product by subtracting from the target price the net income per unit of product that the company wants to earn.

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Definitions:

Training

The process of teaching or learning a particular skill or behavior through practice and instruction.

Task

A defined piece of work or activity assigned to someone as part of a job or course of study.

Performance

The act or process of carrying out an action or accomplishing a task or function.

Objective Standards

Unbiased and universally accepted criteria or measures used to evaluate or judge something.