Question
Question No-1 Ventura Company; Quality Cost Report For Years 2017 and 2018 2017 2018 Amount Percentage Amount Percentage Prevention cost 650,000 1.30% 1,000,000 2.00% Appraisal
Question No-1
| Ventura Company; Quality Cost Report For Years 2017 and 2018 | ||||
|
| 2017 | 2018 | ||
|
| Amount | Percentage | Amount | Percentage |
| Prevention cost | 650,000 | 1.30% | 1,000,000 | 2.00% |
| Appraisal cost | 1,200,000 | 2.40% | 1,500,000 | 3.00% |
| Internal failure cost | 2,000,000 | 4.00% | 3,000,000 | 6.00% |
| External failure cost | 5,150,000 | 10.30% | 2,000,000 | 4.00% |
| Total Quality Costs | 9,000,000 | 18.00% | 7,500,000 | 15.00% |
| Sales | 50,000,000 |
| 50,000,000 |
|
a)Prepare a written evaluation report with graph (use percentage column in the graph) for the Ventura Company on the basis of following quality costs report.
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
13th Canadian edition
133405508, 978-0133405507
