Target Costing
Target Costing - Definition A target cost is calculated by subtracting a desired profit Margin from an estimated or a market-based price to arrive at a desired production, engineering, or Marketing cost. This may not be the initial production cost, but one expected to be achieved
What is Target Costing?
Target Costing - Definition A target cost is calculated by subtracting a desired profit Margin from an estimated or a market-based price to arrive at a desired production, engineering, or Marketing cost. This may not be the initial production cost, but one expected to be achieved
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