Target costing - The article\"the best practice in target costing is a great article on how a group of researchers through a form of research methodology

Target costing - The article"the best practice in target...

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The article "the best practice in target costing " is a great article on how a group of researchers through a form of research methodology came up with the top companies who practice the best target costing.The study began with a the American institute of CPA's and the University of Akron sponsoring a study to benchmark the best practice in target costing. This study examined how target costing has been used in many industries. For this study they used several research methodology through survey results. The group conducted telephone calls to get data. Another research method the used was to go back and review secondary research, this is an important part to the studies credibility. Lastly the team conducted site visits to the companies they thought had the best practice. "The Best Practice in Target Costing" describes target costing having 6 key principles. The first principle is price led costing, this means the market is what helps to determine the price of goods. The second principle is to focus on the customers. By this they mean "Customer
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  • Fall '14
  • fabioambrosio
  • Accounting, Cost overrun

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