Any good anagrams for target costing?

Target costing is a pricing method used by firms. It is defined as "a cost management tool for reducing the overall cost of a product over its entire [[Product lifecycle |life-cycle] with the help of production, engineering, research and design". A target cost is the maximum amount of cost that can be incurred on a product and with it the firm can still earn the required profit margin from that product at a particular selling price. In the traditional cost-plus pricing method materials, labor and overhead costs are measured and a desired profit is added to determine the selling price.

more on Definitions.net »