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kaizen Costing is the process of calculating the fixed and variable expenses related to each stage of production in order to determine the cost of producing goods and services.The correct answer is True .
A direct cost in financial accounting is any expense that is simply linked to a particular cost object, such as a department, project, or product. Expenses associated with raw materials, machinery, or equipment are some examples of direct costs.On the other hand, indirect costs are any expenses related to the management, administration, and upkeep of a business. Utility bills, office supplies, diesel, and other charges are some instances of indirect costs. Kaizen costing refers to requests for setting cost-reduction goals for the goods or services that a company is currently offering to customers.
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