Kaizen costing is similar to a budget except that kaizen costing:
A) Cannot be implemented in service organisations
B) Requires the use of the high-low method to forecast revenues
C) Does not use dollar amounts
D) Provides for explicit cost reductions

Question

Quizplus · Accepted Answer

Kaizen costing focuses on continuous improvement and includes explicit targets for cost reductions, unlike traditional budgeting which may not specifically aim for cost reductions.

Kaizen Costing Is Similar to a Budget Except That Kaizen