Quality Movement and the Statistical Tools for Quality Improvement Are

question 2

Multiple Choice

Quality movement and the statistical tools for quality improvement are helpful in

• A)manufacturing.
• B)the banking industry.
• C)the hotel industry.
• D)all of these industries.

---

Definitions:

Traditional Costing

An accounting method that applies indirect costs to products based on a predetermined overhead rate, typically simpler than activity-based costing.

Activity-Based Costing

A costing methodology that assigns the costs of resources to products or services based on activities and processes involved in their production.

Traditional Costing Method

A cost accounting method that assigns overhead costs to products based on a predetermined overhead rate.

Direct Labor-Hours

A measure representing the total hours worked by employees directly involved in the production of goods or services.