1
Q
What is Quality Cost
A
Cost of Not creating a quality product
[is NOT the price of creating a quality product]
2
Q
Components of Quality Cost
A
Investing in Prevention
+
Appraising product/service
+
Failure [Internal+External]
- Internal - Rew/ins/tes/pair+scrap
- External - Revenue loss+disc+warranty
MAC
flashcards
Decks in class (20)
# Cards
-
Quality Cost2
-
ABC2
-
Pricing20
-
Margin Costing24
-
Decision Making-A (Cost Concepts & their Application)18
-
Process Costing8
-
Decision Making-B (Incremental/Differential cost technique)11
-
Decision Making-C (Shutdown & Divestment)8
-
Decision Making-D (Approaches Analysis)2
-
Decision Making-E (Machine Replacement)1
-
Decision Making-F (Marginal costing-CVP)2
-
Decision Making-G (Pricing decision under special circumstances)2
-
Decision Making-H (Acceptance of offer and sub. of tender)4
-
Decision Making-I (Make or Buy)6
-
Decision Making-J (Export or Local)2
-
Decision Making-K (Expand or Contract)3
-
Decision Making-L (Product Mix)6
-
Decision Making-M (Price Mix)2
-
Notes1
-
Test N90
