Institutional Repository
Technical University of Crete
Technical University of Crete
EN
|
EL
| URI: | http://purl.tuc.gr/dl/dias/6121FC5C-A5B2-4685-B85A-82C1F9DB02FA | ||
| Year | 2017 | ||
| Type of Item | Master Thesis | ||
| License |
|
||
| Bibliographic Citation | Eleftherios Takis, "Target costing", Master Thesis, School of Production Engineering and Management, Technical University of Crete, Hellenic Army Academy, Chania, Greece, 2017 https://doi.org/10.26233/heallink.tuc.68116 | ||
| Appears in Collections |
Target Costing derived from the need to increase competitiveness. In a global market where supply exceeds demand and the quality does not cease to interest buyers, industry must provide lowest price except for better products. However, to achieve this and at the same time gain profits for investments, it is required a different costing approach.Target Costing is one of the modern cost accounting systems in management accounting. According to this, an organization - company plans the production cost of a product in advance so that, when it is sold, provides the desired profit margin. In case that the product construction does not meet the requirements of Target Costing, the product does not enter the production. Additionally, it is also a cost management tool that enables continuous product monitoring even after the design phase.In this thesis, Target Costing methodology is studied with the steps that it follows, the principles it applies and the techniques it adopts for calculating the cost. In the practical part, it is analyzed a target costing case study based on products related to the Hellenic Armed Forces interest (e.g. a portable radio transceiver) in order to provide useful conclusions for the hellenic defense industry.
Copyright © DIAS 2013
