Reference no: EM132615004

Problem 1: Which of the following is one of the advantages to the target costing approach?

Option 1: In the target costing approach, costs are fully known before the product is actually designed.

Option 2: There is usually a higher level of cost-consciousness in the target costing approach than in the cost plus approach.

Option 3: The target costing approach approach often leads to higher levels of features included that some customers may want.

Option 4: The target costing approach can be completed by marketing department personnel without involving others in the process.