The Extent of Applying the Target Costing Method in the Jordanian Chemical Industry Sector
Journal Title: International Journal of Management Sciences - Year 2014, Vol 4, Issue 2
Abstract
This study aims to recognize the extent of applying the target costing method in the Jordanian chemical industry sector, and the suitability of the industrial environment for supporting such a modern concept, in addition to determining the obstacles that come in the way of applying target costing. To achieve the goals of this study a questionnaire was designed and distributed to financial managers and financial department employees in 10 companies that are listed in the Amman Stock Exchange. 40 questionnaires were distributed and 30 were collected and were featured in this study which makes for a 75% participation rate. The results of the study showed that companies in Jordan are aware about the concept of target costing however, the companies fail to utilize target costing in a modern, scientific way furthermore this study found that there are obstacles that come in the way of proper implementation of the concept, researchers have also provided many recommendations, some of the most important ones are listed as follows: The need to apply target costing in a scientifically efficient manner, establishing a specialized team to help achieve the goals of target costing, working on having a better environment for the proper operation of target costing and removing the obstacles that might hinder the operation of target costing.
Authors and Affiliations
Khalil Mahmoud Alrefaee, Laith Akram Mulifh Al-Qudah, Mohammad Mahmud Humeedat
Keywords
Related Articles
- EP ID EP26919
- DOI -
- Views 240
- Downloads 4
The Relationships between Attitude and Social Influence on Purchase Behaviour of Counter feitproducts among Malaysian Consumers
Counterfeiting has been found to be a serious problem around the world since the last few decades where counterfeiting is associated with many problems that causes havoc not only in economic activities but also affect...
Fostering the Innovative Work Behavior of Knowledge Workers in Malaysia’s Knowledge Intensive Business Services: A Social Capital Perspective
This study was undertaken to investigate the relationship between social capital and innovative work behavior among the knowledge workers in Malaysia. Past literatures reported that social capital and innovative work b...
Perangsang Templer Golf Club: Loan Application Dilemma: A Case Study
An effective decision on the right amount of debt can mean the difference between a business struggling to survive and one that can respond nimbly to changing economic or market conditions. A number of circumstances ma...
A Comparative Study of Emotional Labour Practice in the Zimbabwean Services Industry
This study sought to determine the levels of emotional labour practice in various service industries and also to make a comparison of that practice amongst major service industries in Zimbabwe. A total of 500 service e...
The Effect of Trait Anxiety on the Performance in Iowa Gambling Task
As a classical task of measuring individual decisions based on emotions, the Iowa gambling task and influencing factors had always been paid attention. The research adopted Iowa gambling task to compare task scores of...