Lean Accounting Is Much Simpler Than Traditional Product Costing Because

Multiple Choice

Lean accounting is much simpler than traditional product costing because ________.

A) it compares value stream costs against costs that include costs of all purchased materials
B) it computes the cost of individual products
C) calculating actual product costs by value streams requires less overhead allocation
D) adding a larger markup on value stream costs to compensate for some of the excluded costs is easier than tracing all non value added costs