| Author: | Yu-Lee, R.T. |
| Title: | Target costing: what you see is not what you get |
| Journal: | Journal of Cost Management
2002 : JUL/AUG, VOL. 16:4, p. 23-28 |
| Index terms: | CAPACITY |
| Freeterms: | COST DYNAMICS TARGET COSTING |
| Language: | eng |
| Abstract: | Conventional target costing relies on two incorrect assumptions about cost dynamics. Value engineering and design-for-manufacturing techniques can support target costing to effect potential increases in the organization's capacity to do work - if implemented correctly. Target costing benefits can be realized by using a four-step process, in which capacity management and an understanding of the relevant cost dynamics translates information down to the bottom-line benefits. |
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