Page 185 - Microsoft Word - 00 ACCA F2 Prelims.docx

Alternative costting prinnciples

Lifee cyclee costting

Life cycle costting tracks and accummulates the actual coosts and
reveenues attributable to each prodduct from innception too abandonmment.
Thiss is a technnique whicch comparees the reveenues fromm a productt with
all the costs inncurred oveer the entirre product life cycle.

4.1 Thhe producct life cycle:

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