Data for a Factory -
Target Costing Is a Management Accounting Technique with the

question 18

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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Target costing is a management accounting technique with the following important supply chain implications:

• A)Progressive cost cuts are required from suppliers
• B)External sourcing influenced by cost and design specifications set by the market
• C)Sharing of cost and output data enables benefits of partnership sourcing
• D)Competition between supply chains rather than individual firms

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Definitions:

Thinking and Language

The interrelated processes that involve using language to shape thought and employing thought to understand and produce language.

Conceptual Distinctions

The differences established between theories, ideas, or concepts through analytical thinking and clarification of terms.

Linguistic Determinism Hypothesis

A theory suggesting that the language a person speaks determines their thoughts and perceptions of the world.

Chimps

Short for chimpanzees, they are great apes found in the forests and savannahs of Africa, noted for their intelligence and complex social behaviors.