quality costs. Comment on the significance of the distribution.

implement? OBJECTIVE 3 Example 13.2 Brief Exercise 13-28 Quality Cost Report Loring Company had total sales of $2,400,000 for fiscal 20X1. The costs of quality-related ac- tivities are given below. Discounts due to defects Retesting Vendor certification Rework Marketing research Process acceptance Field testing Product liability $100,000 30,000 14,000 120,000 6,000 14,000 16,000 200,000 Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. What message does the cost report provide? 2. Prepare a bar graph and pie chart that illustrate each category's contribution to total