Target costing is an approach to determine a product's life-cycle cost which
should be sufficient to develop specified functionality and quality, while ensuring
Target costing is a system under which a company plans in advance for the price
points, product costs, and margins that it wants to achieve for a new product.
The target cost of a product is the expected selling price of the product minus the
desired profit from selling it. In other words, target cost is really a measure of ...
www.csus.edu/indiv/p/pforsichh/accountinginfo/121/ch12 - target costing/my target costing handouts.pdf
TARGET COSTING AND THE PRODUCT DEVELOPMENT CYCLE. 2 ... A target
cost is the allowable amount of cost that can be incurred on a product and still ...
Target costing is defined as a cost management tool for reducing the overall cost
of a product over its product life cycle. Management utilizes this pricing ...
Target costing is an approach in which companies set targets for its costs based
on the price prevalent in the market and the profit margin they want to earn.
Target costing is a two-step process to determine the cost of your product when
cost accounting. First, you estimate a target price — an estimated price you think
Target costing is a process of determining the actual cost price of any product or
service after considering the desired profit margin behind the same.
STRATEGIC COST MANAGEMENT. CREDITS. TITLE. Implementing Target
Costing was approved for issuance as a Statement on Management Accounting.
Target costing is the process of determining the maximum allowable cost for a
new product and then developing a prototype that can be profitably made for that