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| Article Name : | | | “LIFE CYCLE COSTING – A TOOL FOR STRATEGIC MANAGEMENT ACCOUNTING” – A CASE STUDY | | Author Name : | | | KISHOR NIVRUTTI JAGTAP | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ISRJ-70 | | Article URL : | |  | Author Profile | | Abstract : | | | Life cycle costing is a system that tracks and accumulates the actual costs and revenues attributable to cost object from its invention to its abandonment. Life cycle costing involves tracing cost and revenues on product by product bases over several calendar periods. The Life Cycle Cost (LCC) of an asset is defined as “The total cost throughout its life including planning, design, acquisition and support costs and any other costs directly attributable to owing or using the asset”. Life cycle cost of an item represents the total cost of its ownership, and includes all the cost that will be incurred during the life of the item to acquire it, operate it, support it and finally dispose it. Life cycle costing is a means of estimating all the costs involved in procuring, operating, maintaining and ultimately disposing a product through out its life. | | Keywords : | | - life cycle , strategic management , acquisition , cost analysis.
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