The Use Of Target-Cost and Target-Price by the Company’s Management

Maria Man and Alina Fleșer
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Maria Man: University of Petroşani, Romania
Alina Fleșer: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2008, vol. 8, issue 2, 5-10

Abstract: Within the companies that adopt the target-costing method (T.C.) products’ prices are determined by market prices and not by totalizing afferent costs. The marketing department of the company determines the target-sale price. The target-cost may be considered an estimated production cost calculated according to an estimated sale price. Nevertheless the T.C. method does not exclude the calculation and survey of costs during the production process. Products’ estimated costs are calculated and compared with the target-costs.

Keywords: Target-Costing method; target-costs; target-prices; target-margin; estimated costs; estimated financial result; estimated result (search for similar items in EconPapers)
Date: 2008
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