Main Article Content
Abstract
The purpose of this research is to study how target costing implementation on managing production cost in cassava fermented industry: “Kembang Madu” tapay, in order to reach the desired proftt. The difficulties on managing cost and getting desired profit in “Kembang Madu” tapay was the reason and motivation behind this research. To get all the data that needed in this research, researcher choose to do observation and interviewing the production manager and the owner of “Kembang Madu” tapay. The production cost calculated the company and the alternative production cost calculated by researcher, were analyzed and compared each other to know how good the target costing implementation. The result of this research shows that target costing implementation in “Kembang Madu” tapay was good and fit. Implementation of target costing can raise the profit earned as much as the desired profit. And then, the company can manage the production cost on its product.
Keywords: production cost, profit target, target costing, selling price
Article Details
References
- Al-Awawdeh, Waleed Mjalli, and Jamal Adel Al-Sharairi. 2012. "The Relationship between Target Costing and Competitive Advantage of Jordanian Private Universities." International Journal of Business and Management 7 (8): 123–42. https://doi.org/10.5539/ijbm.v7n8p123.
- Al-khasawneh, Shadi Maher, Talal Souliman Jrairah, Wan Anisah Endut, Nik Mohd, and Nik Mohd. 2019. "The Relationship between Target Costing Method and Pricing - Development of Products in Industrial Companies." International Business and Accounting Research Journal 3 (2): 107–18.
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- Dahal, Rewan Kumar. 2018. "Management Accounting and Control System." NCC Journal 3 (1): 153–66. https://doi.org/10.3126/nccj.v3i1.20258.
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- Ghafeer, Nour Aldeen M, Abdul Aziz, A Abdul Rahman, and Basman J Mazahrih. 2014. "The Impact of Target Cost Method to Strengthen the Competitiveness of Industrial Companies." International Journal of Business and Social Science 5 (2): 250–63.
- Hansen, Don R., and Maryanne M. Mowen. 2004. Management Accounting. Edited by Dewi Fitriasari and Deny Arnos Kwary. 7th ed. Jakarta: Salemba Empat.
- Jayeola, Olabisi, and Dafe Paul Onou. 2014. "Implementing Target Costing in Small and Medium Scale Enterprises in Ogun Industrial Metropolis." International Journal of Humanities an Social Sciences 4 (8): 222–33.
- Khadka, Bikash, and Sheriff Akande. 2017. "Market Entry Strategy Case Company-Mamtus."MInternational Business Oulu University of Applied Sciences. niversity of Applied Sciences. https://www.theseus.fi/bitstream/handle/10024/147140/Thesis 2018 final.pdf?sequence=1&isAllowed=y.
- Meghabber, Fatima Zohra. 2015. “Reduce Costs in the Modern Manufacturing Environment: Case Study With Implementation of Target Costing and E-Constraint Method”. 11 (16): 134-44.
- Okpala, Kenneth Enoch. 2016. "Target Costing Implementation and Competition : A Case Study of Breweries Industry." European Journal of Applied Business Management 2 (2): 18–35.
- Pishdad-Bozorgi, P., Moghaddam, E.H. and Karasulu, Y. 2013. "Advancing Target Price and Target Value Design Process in IPD Using BIM and Risk-Sharing Approaches." In Asc Annual International Conference & Cib Commission, (Vol. 89, 49). http://ascpro0.ascweb.org/archives/cd/2013/paper/CPRT115002013.pdf.
- Teplicka, Katarina. 2015. "Comparison of Methods for Pricing of the Product and Its Impact on Economic Efficiency of Enterprise." Procedia Economics and Finance 34 (15): 149–55. https://doi.org/10.1016/s2212-5671(15)01613-5.
References
Al-Awawdeh, Waleed Mjalli, and Jamal Adel Al-Sharairi. 2012. "The Relationship between Target Costing and Competitive Advantage of Jordanian Private Universities." International Journal of Business and Management 7 (8): 123–42. https://doi.org/10.5539/ijbm.v7n8p123.
Al-khasawneh, Shadi Maher, Talal Souliman Jrairah, Wan Anisah Endut, Nik Mohd, and Nik Mohd. 2019. "The Relationship between Target Costing Method and Pricing - Development of Products in Industrial Companies." International Business and Accounting Research Journal 3 (2): 107–18.
Anugerah, Eza Gusti, Nining Ika Wahyuni, and Imam Mas'ud. 2017. "Penerapan Target Costing Dalam Pengelolaan Biaya Produksi Untuk Optimalisasi Laba." E-Journal Ekonomi Bisnis Dan Akuntansi 4 (1): 19. https://doi.org/10.19184/ejeba.v4i1.4554.
Dahal, Rewan Kumar. 2018. "Management Accounting and Control System." NCC Journal 3 (1): 153–66. https://doi.org/10.3126/nccj.v3i1.20258.
El-dalabeeh, Abdel-rahman Kh. 2016. "The Role of Target Costing in Reducing Costs and Developing Products in the Jordanian Public Shareholding Industrial Companies." International Journal of Academic Research in Accounting, Finance and Management Sciences 6 (4): 301–12. https://doi.org/10.6007/IJARAFMS/v6-i4/2465.
Ghafeer, Nour Aldeen M, Abdul Aziz, A Abdul Rahman, and Basman J Mazahrih. 2014. "The Impact of Target Cost Method to Strengthen the Competitiveness of Industrial Companies." International Journal of Business and Social Science 5 (2): 250–63.
Hansen, Don R., and Maryanne M. Mowen. 2004. Management Accounting. Edited by Dewi Fitriasari and Deny Arnos Kwary. 7th ed. Jakarta: Salemba Empat.
Jayeola, Olabisi, and Dafe Paul Onou. 2014. "Implementing Target Costing in Small and Medium Scale Enterprises in Ogun Industrial Metropolis." International Journal of Humanities an Social Sciences 4 (8): 222–33.
Khadka, Bikash, and Sheriff Akande. 2017. "Market Entry Strategy Case Company-Mamtus."MInternational Business Oulu University of Applied Sciences. niversity of Applied Sciences. https://www.theseus.fi/bitstream/handle/10024/147140/Thesis 2018 final.pdf?sequence=1&isAllowed=y.
Meghabber, Fatima Zohra. 2015. “Reduce Costs in the Modern Manufacturing Environment: Case Study With Implementation of Target Costing and E-Constraint Method”. 11 (16): 134-44.
Okpala, Kenneth Enoch. 2016. "Target Costing Implementation and Competition : A Case Study of Breweries Industry." European Journal of Applied Business Management 2 (2): 18–35.
Pishdad-Bozorgi, P., Moghaddam, E.H. and Karasulu, Y. 2013. "Advancing Target Price and Target Value Design Process in IPD Using BIM and Risk-Sharing Approaches." In Asc Annual International Conference & Cib Commission, (Vol. 89, 49). http://ascpro0.ascweb.org/archives/cd/2013/paper/CPRT115002013.pdf.
Teplicka, Katarina. 2015. "Comparison of Methods for Pricing of the Product and Its Impact on Economic Efficiency of Enterprise." Procedia Economics and Finance 34 (15): 149–55. https://doi.org/10.1016/s2212-5671(15)01613-5.