Life cycle costing is the accounting system that corresponds to
A)the non-financial dimension of costs analysis.
B)the project dimension of costs analysis.
C)the cost dimension of costs analysis.
D)the financial dimension of costs analysis.
E)the time dimension of costs analysis.

Question

Quizplus · Accepted Answer

Life cycle costing is a method of cost accounting that considers all costs associated with a product or service over its entire life cycle, from acquisition to disposal. It is a project-based approach to cost analysis that provides a comprehensive view of the costs associated with a particular project or investment.

Life Cycle Costing Is the Accounting System That Corresponds to