Question

In: Accounting

1) The cost of quality training is an example of what type of quality cost? A)...

1) The cost of quality training is an example of what type of quality cost?

A) External failure costs

B) Internal failure costs

C) Appraisal or inspection costs

D) Prevention costs

2) Which of the following statements is correct about the differences between a volume-based cost system and an ABC system?

A) The only difference is how the methods assign direct costs to products.

B) The only difference is how the methods assign indirect costs to products.

C) There is no difference in how the methods assign direct or indirect costs to products.

D) The methods assign both direct and indirect costs differently to products.

Expert Solution

1

The cost of quality training is an example Prevention costs

Prevention costs are incurred to improve the quality and reduce any defects in the first place

Option D is correct

2

The only difference is how the methods assign indirect costs to products.

Indirect costs may be assigned based on activity drivers or a single cost driver

Option B is correct

ekkarill92 answered 2 years ago

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