WHAT IS PRODUCT LIFE CYCLE COSTING?
Product life cycle costing is a costing methodology or approach enabling the user to understand a long term picture of the life of a product in terms of:
Cost accountants view this methodology as a way to enhance control of the manufacturing costs at each stage of a product life’s cycle. It enables better visibility of the costs for each individual product and to compare the product revenue generated in later period.
- In Managerial Accounting, explain what are the benefits of using product life cycle costing methodology or approach? (Part 4 of 4)
- Describe the nature or characteristics of product life cycle costing? (Part 2 of 4)
- Cost Concepts And Classification : Difference between Product & Period Costs
- Explain briefly what are the stages or procedures or steps involved in product life cycle costing. (Part 3 of 4)
- Process Costing-Definitions And Features(Part1)