Life-cycle budgeting
Life-cycle budgeting is budget that estimates the revenues and business function costs of the value chain attributable to each product from initial R&D to final customer service and support.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Life-cycle budgeting. Budget that estimates the revenues and business function costs of the value chain attributable to each product from initial R&D to final customer service and support.
