أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Life-cycle costing is the profiling of costs over the life of a product, including the pre-production stage. Target costing is an activity which is aimed at reducing the life-cycle costs of new products, by examining all possibilities for cost reduction at the research, development and production stage. It is not a costing system, but a profit-planning system – the selling price and profit requirement are set during the research stage, thus creating a target cost.
