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Costing

BBrian6y ago
Excuse me sir What’s the main difference between life cycle costing and product life cycle ? I did watch the lectures but still I’m unable to explain the difference.
John MoffatJohn MoffatTutor6y ago#1
The product life cycle is listing the stages that products go through during their life (as per the graph that I explain in the lecture). Life cycle costing is calculating the cost of the product over its entire life.
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