In target costing, when is cost planning mainly carried out?
ADuring design phase
BAfter the sale phase
CAt disposal stage
DAt year-end close
Answer & Solution
Correct answer: A. During design phase
Costs are planned out of the product early, while it is still being designed and developed.
Keep practising Specialist Cost Management Techniques
Browse all Specialist Cost Management Techniques questions for CA Final, or explore more Cost and Management Accounting topics.
Related questions
Working beyond the standard the customer expects is which lean waste?In lean, reworking avoidable errors is which waste?In lean, inactive periods caused by job queues are which waste?In lean, producing more than currently needed is which waste?TOC applied to finance and accounting is called what?How many constraints does a TOC system typically have?Raising overall system throughput requires more flow through what?Which TOC plant type has a one-to-one assembly line sequence?