Costing

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October 11, 2019 at 4:09 pm #548815
johnbriane
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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.
October 12, 2019 at 11:08 am #548878
John Moffat
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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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