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Hlo sir
Namaste
I want to simply asked that
Does lifecycle costing ignore the opportunity cost while calculating the total lifecyle cost ??
If yes then why sir ??Yes, lifecycle costing typically ignores opportunity costs when calculating the total lifecycle cost
This is due to lifecycle costing focusing on the costs directly associated with the new product being considered, estimating the long-term costs for the purpose of determining a selling price to ensure profitability.
Opportunity costs are relevant decision-making scenarios, such as when evaluating new contracts that may affect existing revenue.
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