Data for a Factory -
__________________ Involves Planning for Incremental Improvements in Efficiency and

question 47

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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__________________ involves planning for incremental improvements in efficiency and reductions in cost

• A)Kaizen costing
• B)Kaizen budgeting
• C)Feasible region
• D)Shadow prices

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Definitions:

Short-Term Note Payable

A Short-Term Note Payable is a debt due for repayment within one year that a company owes to a lender or creditor.