Place the Five Steps in Implementing a Target Costing Approach

Multiple Choice

Place the five steps in implementing a target costing approach in the proper order:
1 - Determine desired profit
2 - Use kaizen costing and operational control to reduce costs
3 - Determine the market price
4 - Use value engineering to identify ways to reduce product costs
5 - Calculate the target cost at market price less desired profit

A) 3,2,1,4,5.
B) 2,5,4,1,3.
C) 4,5,1,3,2.
D) 3,1,5,4,2.
E) 5,3,2,1,4.