Question: Part 1: Target Costing a. Why/when would a company use target costing? (1 mark) b. A company currently makes a product for $20, however, they

Part 1: Target Costing a. Why/when would a company use target costing? (1 mark) b. A company currently makes a product for $20, however, they have determined the maximum cost (the target cost) is $15. What could you recommend to them to help reduce their direct material costs? (2 marks)

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