There are certain features of traditional management accounting. Which of the following is/are not a focus of life cycle costing?
A) Annual profit calculations
B) Focus on production costs only
C) Calculation of cost variances
D) Annual profit calculations AND focus on production costs only

Question

Quizplus · Accepted Answer

Life cycle costing focuses on the entire lifecycle of a product, including all costs associated with its production, distribution, use, and disposal. It is not limited to annual profit calculations or production costs only. Cost variances may be considered in life cycle costing as they can have an impact on the long-term cost of the product.

There Are Certain Features of Traditional Management Accounting