Target costing at ITT Automotive

Article Abstract:

The brakes area at ITT Automotive has been benefiting from its target costing approach to the reduction of production costs. Target costing is an effective technique for minimizing production expenses throughout the product life cycle. The appeal of this method is that it neither sacrifices quality or functionality nor increases the time period for designing and developing a product. Unlike conventional cost control systems, which do not manage costs until production has begun, target costing involves active cost management in the product planning stage, the product design stage and the production stage. Although this process can sometimes be difficult and requires expensive resources, companies such as ITT Automotive have found that investment in target costing is quite beneficial.

Motor vehicle parts and accessories, Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Auto Brakes, Motor Vehicle Brake System Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Automotive parts, Valeo S.A., Automotive brakes

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How you can control unemployment insurance costs

Article Abstract:

Unemployment insurance (UI) costs have jumped in recent years, causing states to take loans worth $16 billion to finance unemployment benefit payments. The majority of firms divide the administration of UI benefits into two groups: personnel and accounting. UI financial results, like new tax rate notices or charge statements, are sent to accounting. Possible techniques for cutting UI taxes include: a reduced work week, contributions that are voluntary, and transfers of experience.

Unemployment insurance

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Costing for quality at Celanese

Article Abstract:

Celanese Fibers Operations treats its fixed costs as complete or 100 percent variable in order to stress the management of cost control and to implement tighter cost control methods. Reporting and calculating is maintained on basic, simple, and total measurement. The firm's cost accounting technique is based on variable cost planning, quality cost, and Q1 costing.

Celanese Corp. Celanese Fibers Operations

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