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.
ABSTRACT
This research examined the concept of collective security under international law and specifically examined the basis of the exi...
ABSTRACT
Motivation represents an employee’s desire and commitment, which is manifested as job performance. That is, job in high mo...
ABSTRACT
The study examined the impact of family background on the academic performance on primary scho...
ABSTRACT: Innovations in vocational training for sustainable tourism management are critical for equipping future professionals with the skill...
ABSTRACT
This research work centered on the influence of learning environment on the academic performan...
Background of the Study
The growing and expanding economic responsibilities of governments...
ABSTRACT
The study evaluates the impact of the relationship between e-banking and cyber crime, the study has the followi...
Abstract
This research work is poised to look into ‘’The Role of Local Government in the Transformation...
Abstract
This study “Influence of ICTs on news writing, a study of practicing journalists in Owerri municipal council” has po...
ABSTRACT
This project is aimed at studying the attitude of secretaries towards the use of modern office machines.In the course of carryin...