Lean accounting:
A)does not compute costs for individual products.
B)is much simpler than traditional product costing.
C)Neither of these answers are correct.
D)Both A and B are correct.

Question

Quizplus · Accepted Answer

Lean accounting does not compute costs for individual products like traditional product costing. It is designed to be simpler and more flexible than traditional accounting methods, making it easier for companies to adapt to changes in the marketplace. Therefore, both options A and B are correct.

Lean Accounting