TARGET COSTING Definition

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TARGET COSTING is a disciplined process for determining and realizing a total cost at which a proposed product with specified functionality must be produced to generate the desired profitability at its anticipated selling price in the future.

Learn new Accounting Terms

INBR see INCURRED BUT NOT REPORTED; could also mean Insurance Broker.

MANAGEMENT is those in charge of running a business or in the act of managing something.

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