In Kaizen budgeting, costs are based on all improvements which is
A. to be implemented
B. based on current practice
C. based on past prices
D. based on sold quantity
Answer: Option A
Solution(By Examveda Team)
In Kaizen budgeting, costs are based on all improvements which is to be implemented. 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
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