1. Target Costing
TARGET COSTING: AN INTEGRATIVE MANAGEMENT PROCESS RE: CURRENT ISSUES IN ACCOUNTING In the traditional approach of cost management, the product costs are often not assessed until later during the product development cycle. ... Target costing holds a definite promise as it is future oriented, makes designers focuses on the cost implications of their design and helps to evaluate profitability even before the product is made (Kato, 1995). ... Managers then review the costs to the current level, adjust for any cost reducing ideas and calculate the intended costs for the current model (Kato, 1995...
- Word Count: 921
- Approx Pages: 4
- Grade Level: High School