Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quality Cost Report Evans Company had total sales of $2,600,000 for fiscal 20x5. The costs of quality-related activities are given below. Returns/allowances Design changes Prototype

image text in transcribed

Quality Cost Report Evans Company had total sales of $2,600,000 for fiscal 20x5. The costs of quality-related activities are given below. Returns/allowances Design changes Prototype inspection Downtime Quality circles Packaging inspection Field testing Complaint adjustment $143,000 169,000 10,400 130,000 5,200 5,200 5,200 195,000 Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8". Evans Company Quality Cost Report For the Year Ended 20x5 Quality Costs Total Percentage of Sales Prevention costs: Design changes Design changes Appraisal costs: Prototype inspection Packaging inspection 00 00 00 00 Internal failure costs: External failure costs: Returns/allowances Complaint adjustment Total quality costs

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

Monitoring And Auditing Practices For Effective Compliance

Authors: John E. Steiner

2nd Edition

0977843017, 978-0977843015

More Books

Students also viewed these Accounting questions

Question

Discuss how frequently households trade securities.

Answered: 1 week ago