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5.24 Kaizen budgets LO4 Continuing from exercise 5.23, the financial controller of Data Processors recently attended an accounting conference, which discussed the benefits of adopting
5.24 Kaizen budgets LO4 Continuing from exercise 5.23, the financial controller of Data Processors recently attended an accounting conference, which discussed the benefits of adopting kaizen budgeting within an activity-based budget. After meeting with operational managers at Data Processors it was decided to instil a continuous improvement approach to operations by reducing the cost driver rate by 5 per cent in 2016 and a further 5 per cent in 2017. Required (a) Prepare the revised activity-based budget for 2016 and 2017. (b) Are there potential behavioural consequences of adopting this kaizen approach to budgeting at Data Processors
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