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Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 6ISBN: 978-0078025532Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 6ISBN: 978-0078025532 Exercise 44
In 2014 a manufacturing company instituted a total quality management (TQM) program producing the comparative report shown below:
On the basis of this report, which one of the following statements is most likely correct
a. An increase in conformance costs resulted in a higher-quality product and, therefore, a decrease in nonconformance costs.
b. An increase in inspection costs was solely responsible for the decrease in quality costs.
c. Quality costs such as scrap and rework decreased by 48%.
On the basis of this report, which one of the following statements is most likely correct
a. An increase in conformance costs resulted in a higher-quality product and, therefore, a decrease in nonconformance costs.
b. An increase in inspection costs was solely responsible for the decrease in quality costs.
c. Quality costs such as scrap and rework decreased by 48%.
Explanation
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Verified
Total quality management is the comprehe...
Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
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