appraisal costs

Appraisal Costs

The costs a company incurs in making sure its products conform to customer needs or desires. Examples include field testing and focus groups. Appraisal costs are a type of quality cost.

appraisal costs

see QUALITY COSTS.
References in periodicals archive ?
Appraisal costs assess service and product quality.
* Appraisal costs incurred to determine the degree of conformance to quality requirements.
He admitted that his IOLTA owed the trust over $4,000, which could not be reasonably forensically traced or reconciled, according to plaintiff's counsel.<br />A bench trial on damages was held resulting in the following award: converted attorney/trustee fees, $132,500; IOLTA owed the trust, $4,128.12; IRS beneficiaries' penalties, $4,022.19; IRS trust's penalties, $4,234; loss of an IRS refund because returns filed more than three years late, $12,559; appraisal costs, $1,250; title costs, $104; loss of investment income for violation of the prudent investor rule, $345,130.70; cost of forensic accounting, $14,400; attorney's fees awarded, $41,663.43; loss of two either misplaced or converted bonds, $20,000.
Assuming an average appraisal costs about $500, then the combined savings to buyers and refinancers totaled somewhere near $30 million.
Four types of costs go into the total cost of quality: prevention costs, appraisal costs, internal failure costs, and external failure costs.
The costs of compliance include both prevention costs and appraisal costs. The costs of noncompliance include both internal and external failure costs.
Appraisal costs represent a significant expense for certain small loans, making such lending less attractive to a potential borrower or less profitable for the lender.
Appraisal costs have been rising, this is true, but not enough to compensate for the mounting workload of the average appraiser.
Council Chairman Chip Badeaux selected against the measure, arguing that the company should cover appraisal costs as it will benefit from the tax deduction on the donation.
Although the final regulations do not define those terms, they do provide examples of fees that are commonly or customarily incurred by individuals (e.g., investment advisory fees) and those that are not (e.g., certain fiduciary and appraisal costs).
It will also pay exploration and appraisal costs of a maximum GBP60m.
Total is required to fund 80 percent of exploration and appraisal costs over four years to which Total has committed the first US$48 million of expenditure for stage one after which Central will fund the next US$12 million.

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