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At the beginning of the year, VEP Company initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To
At the beginning of the year, VEP Company initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To help assess the impact of the quality improvement program, the following data were collected for the current year: Sales Quality training Material inspections Scrap Rework Product inspection Product warranty . . 2,500,000 40,000 25,000 . 55,000 36,000 Listed below are the requirements for this data set. Fill your answers in the next three questions. 41,000 120,000 Compute the current year prevention costs Compute the current year appraisal costs Compute the current year internal and external failure costs
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