Answer:
Identifying the amount by which the costs of existing products must be reduced to achieve a target profit margin.
Explanation:
Target costing refer to an act of setting a target cost by deducting from a competitive market price a desired profit margin. A target cost is the targeted maximum cost that is allowed to be incurred on a product.
The aim of the target costing to ensure that cost is reduced to a desired level determined through the process of target costing.
By implication, the purpose of the target costing is to identify a particular cost of production for a good that will produce the desired profit margin when the good is sold.
Therefore, the correct option form the question is that target costing is directed toward identifying the amount by which the costs of existing products must be reduced to achieve a target profit margin.
The answer would be True.
Answer:Financial statements are prepared after adjustments to ensure that all accounts have been brought to their correct balance.
Explanation: Financial statements are records or documents prepared to give details of the movement of funds in and out of an organisation. Financial statements are vital to the auditors and the business it helps business organisations to determine the true status of affairs in the company,it also helps to ensure that frauds are detected and prevented.
Before preparing Financial statements it is essential that all adjustments are made to ensure that all accounts have been brought to their correct balance.
Answer:
all of these
Explanation:
Managerial accounting is aimed at achieving organisational goals by managers. It is the method of measuring, identifying, analysing, interpreting and communicating financial data in such a way that the manager can use for day to day decisions.
Since all the organisations: service entities, manufacturing entities, and not for.profit organisations have managers that make decisions aimed at meeting organisation goals, they all need managerial accounting
Answer:D) Indirect
Explanation:An indirect circular reference occurs when a formula in a cell refers to another cell or when a formula in another cell refers to it. It can also be described as a displacement of a cell's formula by another. With circular reference errors Excell sheet can no longer be able to perform its operations automatically,you can you errors checking in Excell to locate circular reference either direct or indirect and then remove them. If not removed from the workbook the error will continue.