In the Target Costing Process,target Price Is Computed by Adding

question 65

True/False

In the target costing process,target price is computed by adding the desired profit margin to the target product cost.

---

Definitions:

Enter Time

The act of recording the amount of time spent on various tasks, often used in professional settings for billing or project management.

Basic Payroll

The foundational aspects of the payroll process, including calculating employee wages, withholding taxes, and recording employee hours.

Assisted Payroll

A service provided by QuickBooks that includes full payroll processing along with professional assistance for tax filings and payments.

Enhanced Payroll

A payroll service offering from software providers that includes advanced features like tax filing and direct deposit beyond basic paycheck calculations.