Charlene Company, Which Desires to Enter the Market with a New

Multiple Choice

Charlene Company, which desires to enter the market with a new product, will perform the following tasks:
1-Design and engineer the product.
2-Determine the product's cost.
3-Determine the desired profit margin.
4-Determine the suggested selling price.
If Charlene uses target costing, which task would the company perform first?

A) 1.
B) 2.
C) 3.
D) 4.
E) None of the answers is correct.