Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

b. Prepare a cost of quality report. Assume that the sales for the period were $4,000,000. If required, round percents to one decimal place Quality

image text in transcribed
b. Prepare a cost of quality report. Assume that the sales for the period were $4,000,000. If required, round percents to one decimal place Quality Cost Classification Prevention Appraisal Pe Meagher Solutions Inc. Cost of Quality Report Quality Cost Percent of Total Quality Cost 105,000 $ 140,000 Internal failure 26 Extemal failure 490,000 Total $ 1,000,000 Check My Work b. Classify each activity as either prevention, appraisal, Internal failure or external failure. List the total costs of each of these four categories in a column called quality cost. In a separate column, determine the percent of each cost as compared to the total costs by dividing individual quality cost categories by the total quality costs. In another column, determine the percent of each quality cost classification as compared to total sales by dividing individual quality costs classes by the total sales amount. Total all columns. Remember that the Percent of total quality costs column should total to 100% C. The category with the fewest number of quality activities is highest single cost is warranty claims, which is a(n) Nearly fifty percent of the quality activity costs are Disposing of scrap, emergency equipment maintenance, and scrap reporting are all Check My Work Omore Check My Work uses remaining Previous Email Instructor Save and Exit Subrnit Assignment for Grading

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Agile Auditing Fundamentals And Applications

Authors: Raven Catlin, Danny M Goldberg, Ceciliana Watkins

1st Edition

1119693462, 9781119693468

More Books

Students also viewed these Accounting questions

Question

What are our strategic aims?pg 87

Answered: 1 week ago