Management accountants use the cost hierarchy to first calculate the total costs of each product and then they derive per-unit costs by dividing total costs by the number of units produced

Given a current spot rate of 8.10 Norwegian krone per U.S. dollar, expected inflation rates of 6% in Norway and 3% per annum in the U.S.,

use the formula for relative purchasing power parity to estimate the one-year spot rate of krone per dollar. A) 7.87 krone per dollar B) 8.10 krone per dollar C) 8.34 krone per dollar D) There is not enough information to answer this question.

Kaizen budgeting allows for budgeting of small incremental increases in costs each budgeting period to allow for the effects of normal inflation

Indicate whether this statement is true or false.