I think that two things affect the perception of Fender's QC. First is that I've never seen one off the shelf with a decent setup job - in fact many are downright poor altogether (IMHO). I usually have to try and imagine how the bass would play with a good setup. Second, is that I seem to find them only in GC or similar chains and they've been beat to hell in the store - dirty\dusty, out of tune, scratched, loose knobs, etc.
That said, it is rare that I pick up a Fender that does not have some kind of blemish\imperfection (or several). I do see some inconsistency in tone and weight as well from time to time, I suppose in part due to wood selection. So you may find one that looks perfect, but is heavy and\or weaker in terms of tone. Finding one that hits across the board is tough. All IME\IMHO of course.
I do not think this is unique to Fender, though. I find this true with most brands in the price range (say $1K or less). Gibson is FAR worse in this department than Fender. I've went looking at Les Pauls yesterday and was really blown away at the rough fretwork, messy binding and cheap looking (premium) tops - and these listed for $5K+. Tried a couple of PRS guitars alongside those and there is no comparison in terms of quality.
That said, it is rare that I pick up a Fender that does not have some kind of blemish\imperfection (or several). I do see some inconsistency in tone and weight as well from time to time, I suppose in part due to wood selection. So you may find one that looks perfect, but is heavy and\or weaker in terms of tone. Finding one that hits across the board is tough. All IME\IMHO of course.
I do not think this is unique to Fender, though. I find this true with most brands in the price range (say $1K or less). Gibson is FAR worse in this department than Fender. I've went looking at Les Pauls yesterday and was really blown away at the rough fretwork, messy binding and cheap looking (premium) tops - and these listed for $5K+. Tried a couple of PRS guitars alongside those and there is no comparison in terms of quality.