Mini Bio (1) George Timothy Clooney was born on May 6, 1961, in Lexington, Kentucky, to Nina Bruce (nÃ©e Warren), a former beauty pageant queen, and Nick Clooney, a former anchorman and game show host (who was also the brother of singer Rosemary Clooney). He has Irish, English, and German ancestry.
In effect, target costing is a proactive cost planning, cost management, and cost reduction practice whereby costs are planned and managed out of a product and business early in the design and development cycle, rather than during the later stages of product development and production.
1 Answer. 0. CostThe cost rating is based on the average wholesale price for a drug. The average wholesale price is the suggested selling price for a drug, much like the sticker price on a car. Insurance companies often use this cost as the basis for drug reimbursement. This price does not reflect what you would pay for a drug if covered by your prescription benefit plan.