Question: To implement target costing for a new product, companies often set up a cross- functional team with members from engineering, marketing, and cost accounting. Why
To implement target costing for a new product, companies often set up a cross- functional team with members from engineering, marketing, and cost accounting. Why is a cross-functional team desirable when implementing the target costing approach?
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The target cost depends on price and marketing staff is needed to determine product features ... View full answer
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