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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 Notes can be found in
Chapter 11 of your Study Text

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