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Managerial Accounting: The Corners...
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Managerial Accounting: The Corners...
Identify and discuss the four kinds of quality costs.
Explain four categories of quality cost.
Quality Cost:
Organizations are required to bear costs due to non-conformity of goods or services with the general specifications. These costs are termed as quality costs.
There are four types of quality costs which are listed as follows:
- Internal costs: These costs that are incurred before goods are delivered. For example, scrap and repairs.
- External costs: These costs are incurred after goods are delivered...
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