Which statement does NOT accurately describe kaizen costing?
A) It tries to reduce both value-added and non-value-added costs.
B) It is concerned with reducing the costs of existing products and processes.
C) The kaizen standard reflects the planned improvement for the upcoming period.
D) The cost reduction process is accomplished through the repetitive use of the kaizen cycle and the maintenance cycle.

Question

Quizplus · Accepted Answer

Kaizen costing is primarily concerned with reducing non-value-added costs while maintaining or improving value-added activities.

Which Statement Does NOT Accurately Describe Kaizen Costing