Question: 1. What is target costing? Does design affect target costing? Explain in full detail. 13-23 Cost-plus, target pricing, working backward. KidsPlay, Inc., manufactures and sells

1. What is target costing? Does design affect target costing? Explain

1. What is target costing? Does design affect target costing? Explain in full detail.

13-23 Cost-plus, target pricing, working backward. KidsPlay, Inc., manufactures and sells table sets. In 2016, it reported the following: Units produced and sold Investment Markup percentage on full cost Rate of return on investment Variable cost per unit 3,000 $3,000,000 10% 15% $600

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