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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Which of the following is a prevention cost?

  1. a. Inspection of materials.
  2. b. Continuing supplier verification.
  3. c. Prototype inspection.
  4. d. Recalls.

To determine

Identify the cost which can be classified as a prevention cost.

Explanation

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.

c.

Prototype inspection is a prevention cost which is incurred to increase the quality of the products being produced. Prevention cost reduces defects and thus, reduces cost of internal and external failures due to poor quality...

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