Which f the following methods focuses on reducing costs during the manufacturing stage?
A) Target costing
B) Kaizen costing
C) Cost-plus pricing
D) Life-cycle costing

Question

Quizplus · Accepted Answer

Kaizen costing is a method that focuses on continuous improvement during the manufacturing stage with the goal of reducing costs. Target costing focuses on setting a target cost for a product and designing it accordingly, while cost-plus pricing involves adding a markup to the cost of the product to arrive at a selling price. Life-cycle costing considers the entire life cycle of a product, from design to disposal, in order to make cost-effective decisions. None of these methods specifically focus on reducing costs during the manufacturing stage except for Kaizen costing.

Which F the Following Methods Focuses on Reducing Costs During