- Title
- Target costing as a strategic cost management tool in the South African motor industry
- Creator
- Slater, Michael, M A
- Subject
- Target costing -- South Africa
- Subject
- Strategic planning -- South Africa -- Management
- Subject
- Cost accounting -- South Africa -- Standards
- Subject
- Cost accounting -- South Africa
- Subject
- Cost control
- Date Issued
- 2010
- Date
- 2010
- Type
- Thesis
- Type
- Masters
- Type
- MA
- Identifier
- vital:8974
- Identifier
- http://hdl.handle.net/10948/1094
- Identifier
- Target costing -- South Africa
- Identifier
- Strategic planning -- South Africa -- Management
- Identifier
- Cost accounting -- South Africa -- Standards
- Identifier
- Cost accounting -- South Africa
- Identifier
- Cost control
- Description
- Traditional cost-accounting approaches have served manufacturers well over a long period, but due to the changing nature of the modern manufacturing environment shortcomings have resulted and are no longer regarded as suitable (Gagne & Discenza 1993: 68). Similarly, Monden and Lee (1993: 22) state that many practitioners and academicians have questioned the effectiveness of standard cost systems, which have been used as the primary cost control measure for the last several decades. Cooper and Slagmulder (1997: 2) point out that in contrast to the conventional cost management techniques, target costing adopts a feed-forward approach. The objective of target costing is to design costs out of products, and not to find ways of eliminating costs after the products enter production. Few firms can afford to ignore such a powerful mechanism to increase profits in today’s highly competitive environment.
- Format
- ix, 144 leaves ; 31 cm
- Format
- Publisher
- Nelson Mandela Metropolitan University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela Metropolitan University
- Hits: 764
- Visitors: 834
- Downloads: 161
Collections
NMMU School of Accounting
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCEPDF | 2 MB | Adobe Acrobat PDF | View Details Download |