Kaizen costing is similar to a budget except that kaizen costing
A) Does not use dollar amounts
B) Cannot be implemented in service organizations
C) Requires the use of the high-low method to forecast revenues
D) Provides for explicit cost reductions

Question

Quizplus · Accepted Answer

Kaizen costing focuses on continuous improvement and cost reduction, unlike traditional budgeting which may not explicitly target cost reductions.

Kaizen Costing Is Similar to a Budget Except That Kaizen