Traditional vs Target Costing

Abstract: A 3 page paper comparing traditional US cost reduction and Japanese target costing. Both apply in new product development, where cost reduction occurs much differently. The bottom line is that the Japanese approach dispenses with lost time and effort in returning to product design to achieve greater cost advantage. A product being developed under the Japanese approach does not go to production until its costs have been determined and approved, eliminating the need to revisit development issues one or more times at a later date. Bibliography lists 4 sources.

Filename: KSacctJapTarC.rtf

Pages: 3

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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