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Mercedes-Benz : All Activity Vehicle (AAV) / Tom Albright.

Av: Materialtyp: TextSerie: Utgivningsuppgift: London : Institute of Management Accountants, 2008Beskrivning: 1 online resourceInnehållstyp:
  • text
Medietyp:
  • computer
Bärartyp:
  • online resource
ISBN:
  • 9781526428547 (ebook) :
Ämnen: DDK-klassifikation:
  • 658.1552 23
Onlineresurser: Accounting systems (both financial and cost) typically focus on costs incurred in the past. For example, the general ledger system is used to record, summarize, and report the effects of past transactions. Using historical costs, many cost management techniques focus on understanding the cost of producing a good or service. Alternatively, target costing is a technique that requires managers to forecast the expected selling price of a product and then subtract a required profit margin. The net result is called a target cost. The intent of target costing is to allow managers to proactively control costs during the design and development phases. The Mercedes case documents the target costing process used by Mercedes-Benz U.S. International.
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Originally published in Albright, T. (2008). Mercedes-Benz: All activity vehicle (AAV). IMA Education Case Journal, 1(1), Article 2.

Accounting systems (both financial and cost) typically focus on costs incurred in the past. For example, the general ledger system is used to record, summarize, and report the effects of past transactions. Using historical costs, many cost management techniques focus on understanding the cost of producing a good or service. Alternatively, target costing is a technique that requires managers to forecast the expected selling price of a product and then subtract a required profit margin. The net result is called a target cost. The intent of target costing is to allow managers to proactively control costs during the design and development phases. The Mercedes case documents the target costing process used by Mercedes-Benz U.S. International.

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