THE IMPACT OF TARGET COSTING AND ITS APPLICATION IN COST MANAGEMENT IN THE PHARMACEUTICALS
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE IMPACT OF TARGET COSTING AND ITS APPLICATION IN COST MANAGEMENT IN THE PHARMACEUTICALS
This study examines the impact of target costing on cost management within the pharmaceutical industry in Lagos. The objectives are to analyze how target costing is applied, assess its effectiveness in managing costs, and identify the challenges associated with its implementation. A survey design was employed, gathering data from 250 financial managers and cost accountants, derived using Taro Yamane's formula. A case study of a leading pharmaceutical company in Lagos provided detailed insights. The reliability coefficient score of the survey instrument was 0.87. Findings reveal that target costing significantly enhances cost management by aligning product costs with market-driven prices and focusing on cost reduction throughout the product lifecycle. However, challenges such as high implementation costs and resistance to change were noted. Recommendations include providing more training for cost accountants, simplifying the target costing process, and integrating it with other cost management practices to ensure comprehensive cost control.
Related Project Materials
EVALUATING THE KNOWLEDGE AND ATTITUDE OF COMMUNITY PHARMACISTS TOWARD HIV INFECTED PATIENTS
ABSTRACT
In most communities, the first level of healthcare visit is usually the community pharmacies h...
CORPORATE SOCIAL RESPONSIBILITIES IN HOST COMMUNITIES BY TERTIARY EDUCATIONAL INSTITUTIONS IN SOUTH-SOUTH NIGERIA
Background to the Study
Nations all over the world are concerned about and interested in education, both at national and...
THE ROLE OF COMMERCIAL BANKS IN AGRICULTURAL DEVELOPMENT IN NIGERIA: 1986-2010
ABSTRACT
The study examines the role of commercial banks in Agricultural development in Nigeria, spanning from 1986-2010. The methodology...
Social Media Usage Pattern & Users Content Among IDPs In Jimeta-Yola Region, Northeastern Part of Nigeria
ABSTRACT
No studies have been conducted to determine Social Media Usage Pattern & Users Content among IDPs present in Jimeta-Yola, Ad...
A STUDY OF SOCIAL WELFARE SERVICE IN NIGERIA PRISONS: A CASE STUDY OF OKO FEDERAL PRISON BENIN CITY, EDO STATE
BACKGROUND TO THE STUDY
“We are all in prison said Sir Alexandra (1999) but is a matter of degree”. He mean...
PERFORMANCE MANAGEMENT, A NEW STRATEGY FOR IMPROVING PUBLIC SECTORS’ EFFECTIVENESS
ABSTRACT
Performance Management processes have become prominent in recent years as means of providing a more integrated and continuous ap...
RADIOLOGICAL IMPLICATIONS OF ARTISANAL GOLD MINING ACTIVITIES IN GABABIYU, MINNA METROPOLIS, NIGERIA
ABSTRACT
Radiological contaminations of the human environment due to anthropogenic activities have been associated with significant human...
FINANCIAL REPORTING CHALLENGES IN EMERGING MARKETS
ABSTRACT:
This research explores the financial reporting challenges in emerging markets, focusing on La...
AN EXEGETICAL ANALYSIS OF THE PARABLE OF THE RICH MAN AND LAZARUS (LUKE 16-19-31) IN THE NIGERIAN CONTEXT
Background to the Study
Poverty with its concomitant effects of alienation, marginalization and dependency poses serious...
THE ROLE OF FINANCIAL TECHNOLOGY (FINTECH) IN TRANSFORMING TRADITIONAL FINANCIAL MANAGEMENT
Abstract: THE ROLE OF FINANCIAL TECHNOLOGY (FINTECH) IN TRANSFORMING TRADITIONAL FINANCIAL MANAGEMENT
This research investigates the tran...
