Which of the Following Costing Methods Focuses on the Continuous

question 50

Multiple Choice

Which of the following costing methods focuses on the continuous reduction of the manufacturing costs of existing products and processes?

• A) Kaizen costing
• B) Variance costing
• C) Overhead costing
• D) Sigma costing

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Definitions:

Systematic Risk

The risk inherent to the entire market or market segment, also known as market risk or un-diversifiable risk, which cannot be mitigated through portfolio diversification.

Quarterly Profit

The net income a company earns over a three-month period.

Imperial Oil

A Canadian petroleum company involved in the exploration, production, and sale of oil and gas products.

Systematic Risk

The risk inherent to the entire market or market segment, also known as un-diversifiable risk or market risk.