Question

Difference between abc costing and kaizen costing

Answer 1

Explanation:

Target costing is a market-driven system of cost reduction, focused on managing costs at the developmental and design stages of a product. Kaizen costing relies on setting cost reduction targets and attaining the targets through continuous improvement activities in the manufacturing phase.

Answer 2

Answer:

Target costing is a market-driven system of cost reduction, focused on managing costs at the developmental and design stages of a product. Kaizen costing relies on setting cost reduction targets and attaining the targets through continuous improvement activities in the manufacturing phase.