Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as
A. anticipated budgeting
B. number budgeting
C. predict budgeting
D. kaizen budgeting
Answer: Option D
Solution(By Examveda Team)
Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as kaizen budgeting. Kaizen budgeting takes the concept of continual improvement and applies it to budgets and budget forecasting.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion