TARGET COSTING AS A TOOL FOR COST CONTROL IN AGRICULTURAL INDUSTRY

. Cost accounting method Target Costing is considered to have emerged in Japan in 1960s. Nowadays this concept is used worldwide, mainly in innovative industrial spheres: motor industry, mechanical industry, electronic engineering, computer and digital technologies etc. Under the conditions of economy modernization, target costing can be applied in agrarian organizations, as its implementation will make organizations develop manufacturing process constantly, i.e. implement innovations, because Target Costing considers cost value not as an index estimated by standards in advance, but as a target index for an organization to offer a competitive product in the market.