The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as ___________?
Correct answer: C. kaizen budgeting
- A. anticipated budgeting
- B. number budgeting
- C. kaizen budgeting
- D. predict budgeting
Explanation
Kaizen budgeting incorporates continuous, incremental improvements expected during the budget period into budgeted costs and revenues. The other terms are not recognised budgeting methods.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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