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Kaizen budgeting is driven by Select one: O a
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Kaizen budgeting is driven by Select one: O a. management O b. stockholders c c. employees O d.creditors Clear my choice
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Flag question Y. Marwan Manufacturing is a small textile manufacturer using machine-hours as the single cost allocation base to allocate manufacturing overhead costs to various jobs contracted during the year. The following estimates are provided for the coming year for the company. JD Company Direct material 50,000 Direct manufacturing labor 10,000 Manufacturing overhead costs 40,000 100,000 Machine hours machine hours determine the annual manufacturing overhead cost allocation rate Select one: 100% 40% 160% 60%. Next pags
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All of the following are false EXCEPT that indirect costs: Select one: Are easily traced to products or services. Vary with the selection of the.cost object. May not be included in manufacturing overhead. May be included in prime costs. Next page
Expert Solution
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Kaizen Budgeting
Kaizen Budgeting technique is driven by management for the continous improvement of employees for increasing their productivity in the future.Kaizen is a japanese term meaning continous improvement.
Hence the answer will be (a) Management.
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Estimated Manufacturing Overhead Cost = Direct Material + Direct Manufacturing Labour + Manufacturing Overhead Cost = 50,000 + 10,000 + 40,000 = $100,000
Estimated Machine Hours = 100,000
Annual Manufacturing Overhead allocation rate = Estimated Manufacturing Overhead Cost/Estimated Machine Hours
=100,000/100,000 = 100%
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As all other three options are false the correct answer is Indirect costs are easilytraced to products or services.
Indirect costs are included in manufacturing overhead.
Indirect cost does not vary according to the selection of cost object.
All direct costs are included in prime costs, thus indirect costs does not include in prime costs
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