Life cycle costing is an alternative to job order and process costing.

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Life cycle costing is a cost management approach which includes all costs associated with a product from its conception to its disposal, rather than an alternative costing system to job order or process costing. Job order and process costing are methods used for assigning manufacturing costs to products, while life cycle costing is used for strategic management and decision making over a product's entire life.

Life Cycle Costing Is an Alternative to Job Order and Process