Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quality Cost Report Evans Company had total sales of $4,300,000 for fiscal 20x5. The costs of quality-related activities are given below. Returns/allowances $193,500 Design changes

Quality Cost Report

Evans Company had total sales of $4,300,000 for fiscal 20x5. The costs of quality-related activities are given below.

Returns/allowances $193,500
Design changes 236,500
Prototype inspection 12,900
Downtime 193,500
Quality circles 17,200
Packaging inspection 12,900
Field testing 12,900
Complaint adjustment 236,500

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:
$
$ %
Appraisal costs:
$
Internal failure costs:
$
External failure costs:
$
Total quality costs $ %

image text in transcribedimage text in transcribed

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: Appraisal costs: Internal failure costs: 10 DO DO 10 External failure costs: 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

Auditing And Assurance Services

Authors: David Ricchiute

7th Edition

0324117760, 978-0324117769

More Books

Students also viewed these Accounting questions