MAC3703 - Selected Accounting & Financial Mgt
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1. Target Costing Formula Expected Selling Price - Required Profit 2. Cost Gap Current/estimated cost - target cost 3. Addressing cost gap? 4. Life Cycle Cost- ing (LCC) 5. Product Life Cy- cle (PLC) 6. Product Life Cy- cle - Introductory Stage 7. price penetration strategy 8. price skimming strategy How to reduce cost/identify where excess cost coming from? One way to do this may be to mechanize the pro- duction process to reduce wastage accumulation of costs for act...