?Costing Systems According to Epstein and Rejc, (2014), costing system is a process designed to monitor the costs incurred in a certain business. Costing systems are meant to advise the management on how to choose most appropriate course of action with cost efficiency and capability. According to Cardinaels and Labro (2009) costing system provides detailed cost information needed by management needs to control current operations with the aim of improving the future. Below are some of the costing systems that common to many organizations (Epstein & Rejc, 2014). Life-cycle Costing Life cycle costing is a technique that is used to assess environmental impacts that are linked with the product life stages from manufacturing to consumption that is from raw material acquisition to processing or manufacture, distribution, consumption, maintenance and repair. It shows and some of the environmental concerns associated with the product life (Cooper & Slagmulder, 1999). Advantages of Life Cycle costing Life cycle costing is popular in lowering the costs that might have been spent in the future. The process helps to generate more revenue as it cuts on the cost the company is likely to incur. Life cycle costing is used in long-term rewarding systems other than the usual short-term rewarding systems that would have been with no life cycle cost. The approach helps in calculating rigorous savings that can be done in the future and hence this method vital. Disadvantages of Life Cycle costing In early stages, there is a lot of struggle for profitability. Therefore, drops the profitability of the company Full cost costing Full cost accounting is the practice of collection and presentation all of the costs that have linked with production of a product or a service. The costs can be described as direct costs, variable costs, and indirect costs as they vary from one business to the other (Brierley, 2008). Advantages of full cost costing Full cost can lea