Life-cycle costing
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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.
