There are certain features of traditional management accounting. Which of the following is/are not a focus of life cycle costing?

A) Annual profit calculations
B) Focus on production costs only
C) Calculation of cost variances
D) Annual profit calculations AND focus on production costs only

Life Cycle Costing

An approach to assessing the total cost of ownership, factoring in all costs of acquiring, owning, and disposing of a system or product.

Annual Profit Calculations

The process of determining the net profit or loss for a business over a one-year period.

Production Costs

The costs incurred by a business in the process of manufacturing a product or providing a service, including raw materials, labor, and overhead expenses.