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lifecycle costing

Former userFormer user4y ago
Hi everyone, can anyone tell me if there's question which says, that is ''lifecycle costing used for planning''? i always mark true because i have read somewhere that 'lifecycle costing' can be used for forward planning. but it is always false. can anyone confirm about this please.
John MoffatJohn MoffatTutor4y ago#1
Lifecycle costing is used to either decide whether or not a new product is worth producing, or to help determine a selling price for a new product. I do explain this in my free lectures.
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