TARGET COSTING Definition

Bookmark and Share

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

INVESTMENT CENTER is the responsibility center within an organization that has control over revenue, cost, and investment funds. It is a profit center whose performance is evaluated on the basis of the return earned on invested capital, e.g. corporate headquarters or a division of a large decentralized organization.

CONTROLLABLE COST see CONTROLLABLE EXPENSE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.