Benchmarking
NAJC
Registered Posts: 44 Regular contributor ⭐
Hi just wondering if anyone has a definition of benchmarking , life cylce costing , target costing and activity based costing ?
Also what is the use and limitations of using published statistics?.
Thankyou xxx
Also what is the use and limitations of using published statistics?.
Thankyou xxx
0
Comments
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Hi NJ
There is a really good section in the BPP book for this under sampling techniques
A Benchmark is a target that can be measured or judged
Lifecycle costing is the cost of an assets life from set up costs to running to dismantling.0
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