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Answer Posted / rajaselvan
Cost of quality is a term that is used to quantify the
total cost of failure,apprisal and prevention cost
assosiated with production of cost. This cost component is
called cost of quality.
Cost of production = RTF + Cost of quality
RTF(Right the first time cost) = cost of
labour,material,tools,
cost of quality = Failure cost,Appraisal cost,prevention
cost.
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