With Regard to the Terms quality Control and quality Assurance,______

question 5

Multiple Choice

With regard to the terms quality control and quality assurance,______.

• A)quality control is concerned with the quality of a product or service after it is produced or delivered
• B)quality assurance aims to improve a product or service's quality after it is produced or delivered
• C)quality control is concerned with the quality of a product or service before it is produced or delivered
• D)quality control is concerned with the application of government regulations governing quality

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Definitions:

Underapplied

A situation in manufacturing where the allocated overhead costs are less than the actual overhead costs incurred.

Overapplied

A condition where the allocated or applied overhead costs exceed the actual overhead costs incurred, leading to a temporary discrepancy in accounting records.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead cost to products or job orders, based on expected overhead costs and a chosen allocation base.

Variable Component

A variable component refers to a part of a cost or expense that varies directly with the level of output or activity.