Data for a Factory -
Life Cycle Costing Is a Management Accounting Technique with

question 2

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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Life cycle costing is a management accounting technique with the following important supply chain implications:

• A)Recognition that the cost of acquiring goods and services includes more than just quoted piece price.
• B)Locked in cost issues may affect suppliers.
• C)Sharing of cost and output data enables benefits of partnership sourcing.
• D)Synchronisation of production plans.

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Definitions:

Attitude-Centered

Focused on or primarily concerned with individuals' attitudes, often in the context of changing or influencing those attitudes.

Change

The process of becoming different in some particular way, without permanently losing one's identity.

Change Process

The sequence of steps or actions undertaken to move an organization from its current state to a desired future state.

Lewin

Lewin, often referred to as Kurt Lewin, was a pioneering psychologist known for his contributions to social, organizational, and applied psychology.