The Target Costing Cycle

question 43

Multiple Choice

The target costing cycle:

• A) Focuses on reducing costs in the design phase of a product and manufacturing process
• B) Is a cost-based pricing method
• C) Is finished when the product is designed
• D) Considers cost over the life cycle of the product

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Definitions:

Asymmetrical

Lacking symmetry; when two sides or halves of something do not match or are not equal in shape, size, or composition.

Distribution

The way in which something is shared or exists over a particular area or among a particular group of people.

Standard Deviation

A measure of the dispersion of a set of data from its mean, indicating how spread out the data points are.

Variability

A measure of how spread out or dispersed the values in a dataset are.