The present Bachelor thesis deals with a complex picture of the quality management based on quality management systems and on system of tracking and evaluating the costs of quality. The primary aim of the thesis was to analyse the costs in engineering company Burgmaier Precision Slovakia, a manufacturer of automotive industry components. In order to achieve the primary goal of the thesis, partial goals focusing on the theory of quality, costs of quality, company characteristics, quality management system in the company, model of recording the costs in the company and analysis of costs in the selected company were set. The theoretical information was subsequently used in the practical part of the thesis. Along with the company characteristic, the thesis characterises also the current state of the quality management in the company. Subsequently, the quality cost items were classified into the PAF model as internal and external failure costs and costs for prevention and evaluation. These cost items were then analysed and their correlation with turnovers is graphically illustrated. The results of the thesis were assessed and improvements for the selected company were proposed. The PAF model analysis shows that the internal failure costs and evaluation costs have a large ratio in the overall quality costs. In conclusion, it was realised that the company does not have a satisfactory system for recording the quality cost item. The contribution of this Bachelor thesis is a proposal for improving the recording of cost quality items presented to the company management. It can lead to a better overview in the quality costs, and the company management can determine where exactly the quality costs occur. These costs can then be reduced and thus the economics of quality in the company can be improved.