Discuss-total cost assessment and life cycle cost assessment


Consider the following questions:

1. How can allocating overhead incorrectly impact pricing and profitability?

2. How can environmental accounting save companies money in the capital investments?

3. What is the difference between total cost assessment and life cycle cost assessment?

4. What is the distinction between Full Cost Accounting, Total Cost Accounting, and Total Cost Assessment. All three sound like the same thing, but they aren't. Define the ones that are useful terms, and point out which term is meaningless in the accounting field (and therefore you should immediately forget it).

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Accounting Basics: Discuss-total cost assessment and life cycle cost assessment
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