Kaizen costing includes:
A)cost control system concept.
B)standards set annually or semiannually.
C)continuous improvement.
D)comparing actual costs to standard costs.

Question

Quizplus · Accepted Answer

Kaizen costing is a cost improvement approach that focuses on continuous improvement through small, incremental changes in all areas of the organization. It is a long-term approach that involves setting goals, developing standards, and implementing actions to achieve continuous improvement. While cost control and comparing actual costs to standard costs are important components of any cost management system, they are not specific to Kaizen costing. Setting standards annually or semiannually may be part of the Kaizen costing process, but the focus is on continuous improvement rather than setting standards.

Kaizen Costing Includes