Target Costing in New Zealand Manufacturing Firms

Assignment Task

Introduction

Target costing is a contemporary management accounting tool developed principally by Japanese manufacturers. The practice endeavours to design new products to meet a cost, which is calculated by subtracting the desired profit margin from a market-based price for the product Target costing attempts to reduce a product’s life-cycle costs before production begins in order to achieve desired profitability. The target costing team assists in making the new product competitive in terms of cost, quality and functionality. The current issue and full text archive of this journal is available at The authors wish to thank the participants at the Conference on Manufacturing Accounting Research, Tampere, for their valuable feedback on this paper. Research shows that target costing is being used worldwide However there is still little research outside of Japan, and scant research in an Australasian context. Therefore this paper describes the results of a survey of target costing practices within New Zealand manufacturers. The paper is organised as follows. Firstly a review of the literature on target costing adoption is presented, revealing the importance of the topic. The next section explores how target costing is portrayed in the literature in terms of how and when it should be implemented. Subsequent sections present the research objective, the research method, survey findings, and a discussion.

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