Question

In: Accounting

The cost of inspection at various stages of production is an example of a(n)


The cost of inspection at various stages of production is an example of a(n) 

  • prevention cost 

  • appraisal cost 

  • internal failure cost 

  • external failure cost

Solutions

Expert Solution

✓ Prevention cost is the cost that incurred for quality of control and Avoid having deffective products or jobs.

✓ Appraisal cost is the cost that incurred to ensure the consistent quality of goods or jobs.

✓Internal failure cost is the cost that incurred to ability to find the errors or defects prior to delivery of products or jobs to customer.

✓ External failure cost is incurred when the product is delivered that fails to conform to quality conformance.

Inthis case,

The cost of inspection at various stages of production is an example of an " Appraisal Cost".

For any clarifications, please comment, thank you.


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