target cost
Definition 1
Contracting: Final agreed-upon cost which serves as a basis for computing cost savings in incentive type contracts.
Definition 2
Costing: Final cost of a product or service that must be achieved in order to generate the desired level of sales revenue and income. See also target costing.
Mentioned in these definitions
Mentioned in these terms
Popular 'Accounting & Auditing' Terms
target cost in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/target-cost.html
