Cost of Production = Right The First time cost(RTF) + Cost of Quality

  1. True

  2. False


Correct Option: A
Explanation:

To solve this question, the user needs to know the formula for calculating the cost of production, which is:

Cost of Production = Right The First Time Cost (RTF) + Cost of Quality

Now, let's go through each option and explain why it is right or wrong:

A. True: This option is correct. The cost of production is calculated as the sum of the RTF and the cost of quality. RTF refers to the cost associated with producing a product without any defects or errors, while the cost of quality refers to the cost of correcting any defects or errors in the product after it has been produced. Therefore, the formula correctly represents the total cost of production.

B. False: This option is incorrect because the formula is correct. As explained in option A, the cost of production is calculated as the sum of the RTF and the cost of quality.

Therefore, the answer is:

The Answer is: A

Find more quizzes: