What does target costing mean?

Definitions for target costing
tar·get cost·ing

Here are all the possible meanings and translations of the word target costing.

Freebase

  1. Target costing

    Target costing is a pricing method used by firms. It is defined as "a cost management tool for reducing the overall cost of a product over its entire [[Product lifecycle |life-cycle] with the help of production, engineering, research and design". A target cost is the maximum amount of cost that can be incurred on a product and with it the firm can still earn the required profit margin from that product at a particular selling price. In the traditional cost-plus pricing method materials, labor and overhead costs are measured and a desired profit is added to determine the selling price.

How to pronounce target costing?

How to say target costing in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of target costing in Chaldean Numerology is: 9

  2. Pythagorean Numerology

    The numerical value of target costing in Pythagorean Numerology is: 5


Translations for target costing

From our Multilingual Translation Dictionary

  • Target CostingGerman
  • लक्ष्य की लागतHindi

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    difficult or impossible to perceive or discern
    • A. incumbent
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