This question appeared in the

This question appeared in the June 2015 exam. The following statements have been made about life cycle costing: (1) It focuses on the short-term by identifying costs at the beginning of a product's life cycle (2) It identifies all costs which arise in relation to the product each year and then calculates the product's profitability on an annual basis (3) It accumulates a product's costs over its whole life time and works out the overall profitability of a product (4) It allocates costs to each stage of a product's life cycle and writes them off at the end of each stage Which of the above statements is/are correct?
A、1 and 3 only
B、3 only
C、1 and 4 only
D、2 only