Target costing & Problems encountered in Target costing for services.
18th july 2015
Saturday, chilling time. Two days more before work, yaaaay!!. Woke up around 10 or 11. Met my family watching a comedy film and I joined in. We had a good laugh, then it was back to the books for me. Picked up my book and read on target costing. Here is the summary of what I learnt.
What is target costing ?
Target costing involves setting a target cost for a product. This occurs after identifying a target selling price and a required profit. [Read more…]