单选题 The following are all steps in the implementation of the target costing process for a product: (1) Calculate the target cost (2) Calculate the estimated current cost based on the existing product specification (3) Set the required profit (4) Set the selling price (5) Calculate the target cost gap Which of the following represents the correct sequence if target costing were to be used?

A、 (1), (2), (3), (4), (5)
B、 (2), (3), (4), (1), (5)
C、 (4), (3), (1), (2), (5)
D、 (4), (5), (3), (1), (2)

【正确答案】 C

【答案解析】The target costing process always begins with the target selling price being set. The required profit is then determined and deducted from the target selling price to estimate the target cost. The target cost is then compared to the estimated current cost and the cost gap is then calculated.