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

Author

Listed:
  • Maria Man

    (University of Petroşani, Romania)

  • Alina Fleșer

    (University of Petroşani, Romania)

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.

Suggested Citation

  • Maria Man & Alina Fleșer, 2008. "The Use Of Target-Cost and Target-Price by the Company’s Management," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 8(2), pages 5-10.
    • Handle: RePEc:pet:annals:v:8:i:2:y:2008:p:5-10
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    Cited by:

    1. Mariana Man & Bogdan Răvaş, 2017. "Implications of Lean Manufacturing on Management Accounting in Romanian Organisations," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 17(1), pages 155-168.

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