Multiple Choice
Tom Magic Company manufactures various kinds of toys for different age groups. The company's flagship product is Rx. The company currently requires 8.50 labor hours to manufacture per unit of Rx. The company believes that because of numerous small improvements in the process, it will require 0.10 labor-hours less and hence will only 8.40 labor-hours in the next quarter. It will require 8.35 and 8.25 labor-hours in third and fourth quarter. The company has adopted ________.
A) activity based budgeting
B) kaizen budgeting
C) zero-based budgeting
D) cost-based budgeting
Correct Answer:
Verified
Correct Answer:
Verified
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