Describe the nature or characteristics of product life cycle costing? (Part 2 of 4)

January 25th, 2010 Comments off
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CHARACTERISICS OF PRODUCT LIFE CYCLE COSTING

The main characteristics of product life cycle costing comprises:

  • tracing of costs and revenues of each product over the several calendar periods throughout their entire life cycle
  • traces research and design and development costs and total magnitude of these costs for each individual product and compared with product revenue
  • report generation for costs and revenues.

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Financial Accounting

 
 

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