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Title: managerial accounting

Essay Details

Subject: Business
Author: Charles D
Date: October 26, 2012
Level: University
Grade: A
Length: 2 / 311
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

While some form of variance analysis is still used by most manufacturing firms, it nowadays tends to be used in conjunction with innovative techniques such as lifecycle costing and activity-based costing, which are designed with specific aspects of the modern business environment in mind. Lifecycle costing recognizes that managers' ability to influence the cost of manufacturing a product is at its greatest when the product is still at the design stage of its product lifecycle (i...

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Lifecycle costing recognizes that managers' ability to influence the cost of manufacturing a product is at its greatest when the product is still at the design stage of its product lifecycle (i.e., before the design has been finalised and production commenced), since small changes to the product design may lead to significant savings in the cost of manufacturing the product...

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