Under kaizen costing,cost reduction targets are set and applied monthly and continuous improvement (kaizen)methods are applied all year long to meet targets.

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Quizplus · Accepted Answer

This statement is true, as per the definition of kaizen costing, which involves setting regular targets for cost reduction, applying continuous improvement methods throughout the year to meet these targets, and continuously monitoring and refining the process.

Under Kaizen Costing,cost Reduction Targets Are Set and Applied Monthly