When continuous improvement budgeted costing is implemented, cost reductions can result from:
A)price reductions
B)reducing materials waste
C)producing products faster and more efficiently
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

When continuous improvement budgeted costing is implemented, cost reductions can result from all of the choices listed. Price reductions can be negotiated with suppliers, reducing materials waste can lower the amount of materials needed to produce a product, and producing products faster and more efficiently can reduce labor costs and improve overall productivity. Therefore, all of these options are viable ways to achieve cost reductions with continuous improvement budgeted costing.

When Continuous Improvement Budgeted Costing Is Implemented, Cost Reductions Can