Different between lifecycle costing & Strategic cost management costing

 Ans:-

 

 

 

 

 

 


01. Life cycle costing :-

Lifecycle costing is the profiling of costs over the life of a product ,including the  pre -production stage.

02. Strategic cost management costing:-

A strategic cost management is the  application of cost management technique so that they simultaneously improve the strategic position of firm and reduce cost.strategic cost management can be applied in service & manufacturing setting and in not for profit environment.

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