A company engages in a number of activities as part of its quality control system: a. Which type of costs are incurred in an effort to keep poor quality of conformance from occurring? O External failure costs O Prevention costs and appraisal costs O Internal failure costs b. Which type of costs are incurred because poor quality of conformance has occurred? O Appraisal costs O Internal and external fallure costs O Prevention costs

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company engages in a number of activities as part of its quality control system:
a. Which type of costs are incurred in an effort to keep poor quality of conformance from occurring?
O External failure costs
O Prevention costs and appraisal costs
O Internal failure costs
b. Which type of costs are incurred because poor quality of conformance has occurred?
O Appraisal costs
O Internal and external fallure costs
O Prevention costs
Transcribed Image Text:A company engages in a number of activities as part of its quality control system: a. Which type of costs are incurred in an effort to keep poor quality of conformance from occurring? O External failure costs O Prevention costs and appraisal costs O Internal failure costs b. Which type of costs are incurred because poor quality of conformance has occurred? O Appraisal costs O Internal and external fallure costs O Prevention costs
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