Which of the Following Focuses on Reducing Costs During the Manufacturing

question 13

Multiple Choice

Which of the following focuses on reducing costs during the manufacturing stage?

• A)Kaizen costing
• B)Life-cycle costing
• C)Cost-plus pricing
• D)Target costing

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Definitions:

Liquidating Dividend

A type of dividend paid by a company to its shareholders from its capital rather than its earnings, often signaling the company is dissolving its assets.

Retained Earnings Restrictions

Limitations or constraints placed on the portion of earnings that are not distributed as dividends but kept within the company for reinvestment or other purposes.

Prior Period Adjustment

Adjustments made to the accounts to rectify errors or omissions in the financial statements of previous periods.

Deficit

A situation where expenditures exceed revenue, leading to a shortfall that must be financed through borrowing or using savings.