What is information for life-cycle cost management supported by?

Question

Quizplus · Accepted Answer

Activity-based costing system provides a more accurate and detailed approach to gather information on various activities and costs associated with them throughout the life-cycle of a product or project, making it a suitable choice for life-cycle cost management. Functional-based costing system groups costs based on the functional department they belong to, while normal costing and actual costing systems are more suited for short-term cost analysis.

What Is Information for Life-Cycle Cost Management Supported By