Recently Kent Company instituted a quality improvement program. Kent's actual and budgeted quality costs for \(20 \times 5\) are summarized below: (The actual sales for \(20 \times 5\) are \(\$ 1,000,000)\)

{Required:}
Prepare a quality cost performance report for \(20 \times 5\).

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Actual Budgeted Supplier survey.... $25,000 $20,000 per year Quality training program 10,000 10,000 per year Consumer complaints.. 25,000 20,000 per year Lost sales due to mislabeling.............12,000 1% of sales Scrap......... 25,000 2% of sales Rework... 15,000 2% of sales Testing & inspection of products....... 15,000 Warranty repairs........ 1% of sales 10,000 0.5% of sales Product replacement. 8,000 0.5% of sales