Page 241 - F2 - MA Integrated Workbook STUDENT 2018-19

Chapter 11

Alternative costing principles

Outcome

By the end of this session you should be able to:

 explain activity based costing (ABC), target costing, life cycle costing and total
quality management (TQM) as alternative cost management techniques

 differentiate ABC, target costing and life cycle costing from the traditional
costing (note: calculations are not required)

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 11 of your Study Text

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