Life-cycle costing
Life-cycle costing is system that tracks and accumulates business function costs of the value chain attributable to each product from initial R&D to final customer service and support.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Life-cycle costing. System that tracks and accumulates business function costs of the value chain attributable to each product from initial R&D to final customer service and support.
