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| Article Name : | | | “MONTCLAIR PAPER MILL'S EXPERIMENT WITH TARGET COSTING” – A CASE STUDY | | Author Name : | | | KISHOR NIVRUTTI JAGTAP | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ISRJ-83 | | Article URL : | |  | Author Profile | | Abstract : | | | Target Costing is a disciplined process for determining and realizing a total cost at which a proposed product with specified functionality must be produced to generate the desired profitability at its anticipated selling price in the future. CIMA defines target cost as “a product cost estimate derived from a competitive market price. Target Costing is a disciplined process that uses data and information in a logical series of steps to determine and achieve a target cost for the product. In addition, the price and cost are for specified product functionality, which is determined from understanding the needs of the customer and the willingness of the customer to pay for each function. Target costing is a formal process that attempts to match a proposed product's features/benefits with a viable market price that achieves the company's profitability goals. | | Keywords : | | - montclair paper
- organization ,
- manufacturing management .
- management
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