Bingington Corporation Is Using the Kaizen Approach to Budgeting for 2011.The

question 76

Essay

Bingington Corporation is using the Kaizen approach to budgeting for 2011.The budgeted income statement for the month ended January 31,2011 is as follows:

Under the Kaizen approach,cost of goods sold and variable operating expenses are budgeted to decline by 2% per month.
Required:
Prepare a Kaizen-based budgeted income statement for the month ended February 28,2011.Assume sales are constant each month.

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Definitions:

Fixed Interval Schedule

A reinforcement strategy in which rewards or consequences are administered at predetermined time intervals.

Reinforced

Made stronger or more pronounced through additional support or material.

Interval Schedules

In operant conditioning, a reinforcement strategy based on the passage of time between reinforcements.

Ratio Schedules

In the context of behavior reinforcement, these are schedules that reward a response only after a specified number of responses.