Question
Circle K Toys, Incorporated manufactures toys and children's clothing and sells these products to retail outlets. The following costs were incurred in performing quality activities
Circle K Toys, Incorporated manufactures toys and children's clothing and sells these products to retail outlets. The following costs were incurred in performing quality activities at Circle K during the year:
| Product recall activities | $ 370,000 |
|---|---|
| Quality training activities | $ 240,000 |
| Quality improvement activities | $ 154,000 |
| Warranty claim activities | $ 109,000 |
| Quality inspection and testing activities | $ 61,000 |
| Rework activities | $ 38,000 |
| Quality data collection and reporting activities | $ 15,000 |
What is the total of the prevention costs for Circle K?
Multiple Choice
-
$394,000
-
$409,000
-
$455,000
-
$470,000
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Principles Of Accounting 2
Authors: OpenStax
1st Edition
0357366808, 9780357366806
