Just-in-time costing considers all potential resources used by the product over its entire life.

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Just-in-time costing is a method of costing that focuses on minimizing waste and optimizing efficiency by producing goods only when they are needed. It does not consider all potential resources used by the product over its entire life, but rather focuses on the resources and costs involved in the production process itself.

Just-In-Time Costing Considers All Potential Resources Used by the Product