Open AccessThe Relationship between Target Costing Method and Pricing -Development of Products in Industrial Companies
Author(s) -
Shadi Maher Al-Khasawneh,
Talal Souliman Jrairah,
Wan Anisah Endut,
Norfadzilah Rashid
Publication year - 2019
Publication title -
international business and accounting research journal
Language(s) - English
Resource type - Journals
eISSN - 2550-0368
pISSN - 2549-0303
DOI - 10.15294/ibarj.v3i2.59
Subject(s) - activity based costing , target costing , business , product (mathematics) , sample (material) , product cost management , population , production (economics) , marketing , new product development , operations management , industrial organization , engineering , economics , product lifecycle , mathematics , chemistry , geometry , demography , chromatography , sociology , macroeconomics
This study aimed at identifying the relationship between target costing method in product pricing, as well as identify the relationship of target costing in products development in industrial companies operating at Al-Hassan industrial zone located in Irbid. The population of this study was 51 companies which implement the target costing method. Out of those 51 companies, 35 companies were randomly chosen to participate in this study. The questionnaire has been prepared and distributed to financial managers, production managers, marketing managers, and accountants, where each company got 4 questionnaires. One sample T-test in SPSS was used to examine the hypotheses of this study. The results revealed that the application of target costing method leads to pricing products, as well as that the application of target costing system leads to the development of products in industrial companies operating at Al-Hassan industrial zone.
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