Find the home page for Deloitte & Touche Consulting Group. From there, find the page discussing developments in the Pharmaceutical/Medical Devices In- INTERNET ACTIVITIES dustry. Read the materials on that page about evolving practices in the industry to improve cost effectiveness of operations. Discuss how the industry’s new prac¬ tices will affect process costing in the pharmaceutical industry. Which cost pools (direct materials, direct labor, manufacturing overhead) will be affected by the emerging practices? Also, address whether any of the evolving practices would be better served by life cycle costing.

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