Lean Accounting Is Much Simpler Than Traditional Product Costing Because

question 66

Multiple Choice

Lean accounting is much simpler than traditional product costing because ________.

• A) it compares value stream costs against costs that include costs of all purchased materials
• B) it computes the cost of individual products
• C) calculating actual product costs by value streams requires less overhead allocation
• D) adding a larger markup on value stream costs to compensate for some of the excluded costs is easier than tracing all non value added costs

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Definitions:

Burnt Out

A state of physical, emotional, and mental exhaustion caused by prolonged stress or overworking.

Health Management Strategy

A structured plan for maintaining or improving health, often involving diet, exercise, and lifestyle adjustments.

Refined Carbohydrates

Carbohydrates that have been processed to remove the bran and germ, resulting in a loss of fiber and nutrients.

Sugar

A sweet-flavored substance derived from sugarcane or sugar beet, used predominantly as a sweetener in food and drinks.