Teton Company makes outdoor furniture. The company is evaluating its improvements on quality over the last...
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Teton Company makes outdoor furniture. The company is evaluating its improvements on quality over the last year using COQ measures. The results are below: Preventive Maintenance Spoilage Warranty Repairs Process Engineering Inspection Rework Total COQ Total Revenues 2019 $3,000 $7,400 $9,950 $4,050 $3,700 $8,850 $36,950 $650,000 2020 $5,800 $5,800 $7,740 $6,740 $5,100 $5,400 $36,580 $750,000 a. Identify the COQ category (preventive, appraisal, internal failure, and external failure) for each of these costs b. Prepare a COQ report for each category, providing a ratio for each COQ category to total quality costs and then to total revenues (same as problem 1 on study guide) round answers to 2 decimals. c. Has Teton's program to improve quality been successful? Provide comments on why you believe one way or another. Teton Company makes outdoor furniture. The company is evaluating its improvements on quality over the last year using COQ measures. The results are below: Preventive Maintenance Spoilage Warranty Repairs Process Engineering Inspection Rework Total COQ Total Revenues 2019 $3,000 $7,400 $9,950 $4,050 $3,700 $8,850 $36,950 $650,000 2020 $5,800 $5,800 $7,740 $6,740 $5,100 $5,400 $36,580 $750,000 a. Identify the COQ category (preventive, appraisal, internal failure, and external failure) for each of these costs b. Prepare a COQ report for each category, providing a ratio for each COQ category to total quality costs and then to total revenues (same as problem 1 on study guide) round answers to 2 decimals. c. Has Teton's program to improve quality been successful? Provide comments on why you believe one way or another.
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a Here are the COQ categories for each of the costs 2019 Preventive Maintenance Spoilage Internal Fa... View the full answer
Related Book For
Cost Management A Strategic Emphasis
ISBN: 9781259917028
8th Edition
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
Posted Date:
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