MAF 635
MANAGEMENT ACCOUNTING & PERFORMANCE EVALUATION

SMA PROJECT: KAIZEN COSTING

PREPARED BY:
FATNIN SYAIDA BINTI RAHIMI AZMAN 2012240862
NUR HANIS BINTI ABU BAKAR 2012407426
NURUL NAJIAH BINTI ABU BAKAR 2012883308

GROUP:
AC 220 8A

Table of Contents No. | Contents | Pages | 1 | Acknowledgement | 1 | 2 | Introduction | | | * Definition and Principles of Kaizen | 2 | | * When Target Costing and Kaizen Costing are Linked | 3 | 3 | Kaizen Philosophy | 4 - 7 | 4 | Person Involved | 8 | 5 | Kaizen Advantages | 8 | 6 | Kaizen Disadvantages | 9 | 7 | Conclusion | 9 | 8 | Application to Industry | 10 - 11 | 9 | References | 12 |

SUBMITTED TO:
NIK MUZARENI BT NIK MOHAMED

History of Johnson & Johnson

Johnson & Johnson was first found by three brothers, Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson in New Brunswick, New Jersey, U.S. In 1873, the company was named Seabury & Johnson and led by Robert Wood Johnson. It focussed on medical products business with his partner, George Seabury. Robert then hired his brothers, Edward and James to work with the company. Later on, in 1886, the two younger brothers left Seabury & Johnson and formed new company called Johnson & Johnson which is after their names. The company’s logo is actually based on James’s handwriting which can be seen below his photograph.

Robert then left Seabury & Johnson and joined his brothers. Basically, the new company’s idea of manufacturing sterile surgical dressings was inspired by Robert. The first product of the company was improved medicinal plasters that actually help hospitals to reduce the percentage of death after surgery and Robert Wood Johnson’s dream realised. He was the chairman of Johnson & Johnson and led the company until his death in 1910. James then takes place as the