Difference between revisions of "Prevention costs"
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Prevention costs]]. Costs incurred to preclude the production of products that do not conform to specifications. | :[[Prevention costs]]. Costs incurred to preclude the production of products that do not conform to specifications. | ||
| + | According to [[Managerial Accounting by Braun, Tietz (5th edition)]], | ||
| + | :[[Prevention costs]]. Costs incurred to avoid poor quality goods or services. | ||
[[Category: Quality Management]][[Category: Articles]][[Category: Accounting]] | [[Category: Quality Management]][[Category: Articles]][[Category: Accounting]] | ||
Latest revision as of 13:21, 15 July 2020
Prevention costs are costs associated with preventing defects and imperfections from occurring.
Definition
According to Managing Quality by Foster (6th edition),
- Prevention costs. Costs associated with preventing defects and imperfections from occurring.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Prevention costs. Costs incurred to preclude the production of products that do not conform to specifications.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Prevention costs. Costs incurred to avoid poor quality goods or services.
