The Four Categories of Cost of Quality (COQ)are Prevention,appraisal,internal Failure,and

Essay

The four categories of Cost of Quality (COQ)are prevention,appraisal,internal failure,and external failure.Assume your cost management instructor has given you an assignment related to COQ.You are to relate each of the cost categories above to the preparation of the class project,which is a study of an actual firm's cost management system.The typical student spends 16 hours researching the firm,five hours writing the report,and three hours in revising and presenting the report to the class.
Required:
(1)Give an example of prevention,appraisal,internal failure,and external failure costs you might encounter in writing and presenting your report.(Example: "Draw up a time budget with necessary deadlines before starting the report" is an example of a prevention cost. )
(2)Which of the four category examples you gave for Part (a)above has the greatest cost? What has the least cost? What has the greatest benefit? What has the least benefit? (Example: "Not saving word processing on disk or hard drive" is an example of greatest cost in terms of time. )