How important is product design in life cycle costing why

Question

1. What is target costing? What types of firms use it? 13-6 What is life-cycle costing? Why is it used?

2. Name the five steps of the theory of constraints and explain the purpose of each. Which is the most important step and why?

3. What does the term constraint mean in the theory of constraint analysis?

4. What is the role of the flow diagram in the theory of constraints analysis?

5. How important is product design in life cycle costing? Why?

6. What does the concept of value engineering mean? How is it used in target costing?

Answer 1

Demonstrate to each answer for target costing as well theory of constraints 1. Describe target costing? What kinds of firms utilize it? 13-6 What is life-cycle costing? Why is it utilized? 2. Name the 5 steps of the theory of constraints and describe the reason of each. Which is the most significant step and why? 3. Describe the term constraint mean in the theory of constraint examination? 4. Explain the role of the flow diagram in the theory of constraints examination? 5. How significant is product design in life cycle costing? Why? 6. What does the idea of value engineering mean? How is it utilized in target costing?