Product Life Cycle Costing

MA – Nov 2016 – L2 – Q2b – Budgetary control

Identify the benefits of using product life cycle costing in cost management.

Question

Most products go through five stages in their life namely, Development, Introduction, Growth, Maturity, and Decline. These stages have helped in the design of marketing strategies, and it is now believed that it can be equally useful for accountants in the determination of the cost of products.

Required:
Identify FIVE benefits of product life cycle costing. (5 marks)

Answer

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Tags: Cost Management, Product Development, Product Life Cycle Costing, Strategic Planning
Level: Level 2

Topic: Budgetary control
Series: NOV 2016

Question Tag: Product Life Cycle Costing

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MA – Nov 2016 – L2 – Q2b – Budgetary control

Identify the benefits of using product life cycle costing in cost management.

MA – Nov 2016 – L2 – Q2b – Budgetary control

Identify the benefits of using product life cycle costing in cost management.

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Question Tag: Product Life Cycle Costing

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MA – Nov 2016 – L2 – Q2b – Budgetary control

Identify the benefits of using product life cycle costing in cost management.

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MA – Nov 2016 – L2 – Q2b – Budgetary control

Identify the benefits of using product life cycle costing in cost management.

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