What is kaizen budgeting? How does kaizen budgeting differ from traditional budgeting?

1) Prepare the following budgets for April 2017: a) Sales revenue budget (units and $) b) Production budget in units c) Direct materials usage budget and direct materials purchases budget (both budgets in units and $) (6 Marks) d) Direct manufacturing labour budget (3 Marks) e) Manufacturing overhead budget f) Ending inventories budget (direct materials and finished goods) g) Cost of goods sold budget 4 marks are allocated for Excel presentation and use of formulas in Excel. For each budget, prepare by product (Premium and De Luxe) and in total. 2) Management has also requested your team to give them some understanding on a new aspect of budgeting that has come to their attention. They have outlined a few questions for your team to address: a) What is kaizen budgeting? b) How does kaizen budgeting differ from traditional budgeting?