Implementing Target Costing in Small and Medium Scale Enterprises in Ogun Industrial Metropolis
OLABISI Jayeola, Dafe Paul Onou

Abstract
The study investigated the relationship that existed among target costing technique and turnover and profitability of small and medium scale enterprises in Ogun industrial metropolis. Multiple regressions were used to explore the relationship that existed between two continuous dependent variables (average annual profit and average annual turnover) and an independent variable (Target costing technique). The results of the analysis showed that there was a statistical significant relationship between target costing technique and annual turnover in Ogun industrial metropolis (p<0.05) and also between profitability of small and medium scale enterprises in the Metropolis (p<0.05). The study revealed that enhancing business performance should be considered as part of ongoing strategy and not a core growth strategy. The study therefore, concluded that implementing target costing technique would enhance sales and profitability of this level of business in Nigeria.

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