________ 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 cost management approach that focuses on continuous improvement during the manufacturing stage, resulting in reduced costs. Target costing focuses on determining a target cost based on market demand and expected profit, Cost-plus pricing focuses on adding a markup on top of the production cost and is not necessarily focused on reducing costs, and Life-cycle costing considers costs throughout the entire product lifecycle, not just during manufacturing.

________ Focuses on Reducing Costs During the Manufacturing Stage