
Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 7ISBN: 978-0077733773
Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 7ISBN: 978-0077733773 Exercise 69
Which of the following statements regarding cost-of-quality (COQ) reporting is correct
A) Total cost of quality (COQ) consists of conformance costs plus nonconformance costs.
B) Total cost of quality (COQ) consists of conformance costs, plus appraisal costs.
C) A typical COQ report includes out-of-pocket costs, but not opportunity costs.
D) The focus of reporting is the production segment of the internal value chain.
A) Total cost of quality (COQ) consists of conformance costs plus nonconformance costs.
B) Total cost of quality (COQ) consists of conformance costs, plus appraisal costs.
C) A typical COQ report includes out-of-pocket costs, but not opportunity costs.
D) The focus of reporting is the production segment of the internal value chain.
Explanation
Cost of quality quantifies the cost of c...
Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
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