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Product life cycle
Every product has a life cycle. The life cycle of a product vary from months to various years. For example in the case of cameras photocopying machines etc. the life is more than 100 years. Whereas in the case of black and white, T.V/C.R. it was for few years only. Product life cycle is therefore a pattern of expenditure sale level revenue and profit over the period from latest idea generation to the deletion of product from product range.
A manufacturing company needs 2500 units of a particular component every year. The company buys it at the rate of Rs. 30 per unit. The order processing cost for this part
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how company apply marginal costing techniques show with an example
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