In this month’s free video lecture from Wiley CMAexcel, we’re covering a critical part of cost systems: Value Chain and Life Cycle Costs. This topic is thoroughly tested on Part 1 of the CMA Exam.
In this free CMA exam lesson, Prof. Doug Clinton of Northern Illinois University addresses processes that all products go through over their lives—namely the value chain and product life cycle. Life cycle costing, value engineering, and value chain analysis are discussed as well.
The lesson concludes with coverage of target costing and an example of how these and other methods can be combined successfully.
Be sure to take notes!
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