AN INVESTIGATION ON COST MANAGEMENT USING TARGET COSTING METHOD

Nurcan Suklum

Journal Title:Journal of Economics, Finance and Accounting (JEFA)
Abstract

Nowadays the changes experienced in the economic and social fields show up themselves in business, as method of production and marketing changed by businesses, they also have to change costing methods. After the production traditional costing methods in which costs determined have lost their validity and necessity of using of the new costing methods are showed up. One of these methods is the target costing method which is a need of customers resulting changes brought about, that cost is determined at the design stage of the product. Target costing is determined by means of customer’s needs in the process of designing of product. It is known that expectation and demand of customers in furniture industry is important. The study aims at identifying the application level of target costing of businesses activities in furniture industry. Therefore it is aimed at finding out the application level of target costing method by conducting a survey over businesses in Çorum.

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