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Using The Budget In Planning And Tracking The Costs Of Quality. A Case Study

Author

Listed:
  • IRINA GAVRILUC

    (Alexandru Ioan Cuza University of IaÅŸi, Faculty of Economics and Business Administration, IaÅŸi, Romania)

  • IONELA URSU

    (Alexandru Ioan Cuza University of IaÅŸi, Faculty of Economics and Business Administration, IaÅŸi, Romania)

Abstract

Companies are promoting quality as a key factor to retain clients and win new ones from the market, and having a clear and transparent way of budgeting the costs of quality can lead to higher profits. Therefore, the current paper aims to present the relation between budgeting and the costs of quality and to build a model that will allow us to forecast these costs and monitor them via the budgeting tool. In order to achieve this, a case study was conducted on a company from Iasi, Romania, that operates in the mechanical production field. Data such as quality costs, turnover, productions costs, and quantities from past years were used, in order to analyze and to propose a budget matrix for the 2023 year.

Suggested Citation

  • Irina Gavriluc & Ionela Ursu, 2023. "Using The Budget In Planning And Tracking The Costs Of Quality. A Case Study," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 32, pages 131-149, December.
  • Handle: RePEc:aic:revebs:y:2023:j:32:gavriluci
    DOI: 10.47743/rebs-2023-2-0007
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    More about this item

    Keywords

    budget quality costs; cost of quality; forecast; budgetary matrix;
    All these keywords.

    JEL classification:

    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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