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Susan Smith, who is a junior accountant for Likadale Pty Ltd has produced the following cost of quality report for her manager. Likadale Pty Ltd
Susan Smith, who is a junior accountant for Likadale Pty Ltd has produced the following cost of quality report for her manager. Likadale Pty Ltd Cost of Quality Report For the year ended 30 June 2020 Internal failure costs: -ercentage of total cost Rework done due to faulty raw materials Material disposal due bad quality External failure costs: _ $30 000 $25 000 Quality improvement by using better supplier Employee training Appraisal costs: _ Inspecting raw materials R_equired: Complete the Percentage of total cost column and explain how the cost of quality report can be useful in better managing Likadale Pty Ltd and add value to customers. (8 marks)
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