Which of the following is not a characteristic of a lean accounting system?
A) Calculated costs are used in setting product prices.
B) Reporting is done frequently (often weekly, or even daily).
C) Product aggregation—product costs are determined at the value-stream level.
D) Use of average costs for products in each value stream.
E) Includes, in the form of box score report, nonfinancial as well as financial performance results.

Question

Quizplus · Accepted Answer

Lean accounting typically avoids using calculated costs for setting product prices, favoring market-based pricing strategies instead.

Which of the Following Is Not a Characteristic of a Lean