Page 287 - DCOM206_COST_ACCOUNTING_II

Cost Accounting – II

Notes 3. What are the limitations of traditional cost systems?
4. What is kaizen costing? Give the outline of the kaizen costing system.
5. What are the principal differences between traditional and activity based costing system?
6. What are the benefits of Kaizen costing? How is Kaizen costing information useful on
decision making?
7. Define target costing. What are its benefits?
8. What are the different stages to the methodology of target costing?

Answers: Self Assessment

1. Cost 2. value chain

3. True 4. False
5. Differentiation 6. Raise
7. human 8. Target costing

9. Development 10. Kaizen
11. cost reductions 12. Distribution
13. Product life cycle 14. Revenues
15. manufacture

14.11 Further Readings

Books Bhar. K.B. (2008) Cost Accounting, Methods & Problem, Academic Publishers.

Lal, Jawahar & Srivastava, Seema (2009) Cost Accounting, 4 Edition, Tata McGraw-
th
Hill Education.
Nigam, Lal B.M. & Jain I. C. (2001) Cost Accounting: An Introduction, PHI Learning
Pvt. Ltd.
Thakur. S.K, (2009). Cost Accounting: Theory and Practice, Excel Books.

Online links http://www.scribd.com/doc/3163586/Kaizen-costing
http://www.exportacademy.net/resource/file/2012%20newsletter/newsletter_
july12.pdf

http://www.econbiz.de/archiv/ei/kuei/controlling/control_measures_
kaizen_costing.pdf
http://www.wbsgroup.com/downloads/Website%20WBS%20Target%20
Costing.pdf

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