The Abrams Corporation incurred the following quality costs during the year: Inspections { 38,6000 Training { 18,388 Quality planning t 7,280 Maintenance t 14,266 Rework t 4,858 Warranty t 9,310 Testing of equipment t 8,480 Scrap t 8,280 Lost sales t 24,168 Downtime $ 12,0686 Repairs t g,800 Total quality costs $ 154,588 What are the total internal failure costs? Multiple Choice Q 324,930 O $39.780 Q $42710 The Abrams Corporation incurred the following quality costs during the year: Inspections $ 35, 800 Training $ 16,900 Quality planning $ 7, 000 Maintenance $ 11, 400 Rework $ 3,950 Warranty $ 8, 830 Testing of equipment $ 8, 200 Scrap $ 8, 006 Lost sales $ 21,300 Downtime $ 10, 600 Repairs $ 7, 400 Total quality costs $ 139, 380 As a percentage of total quality costs, which quality cost category is the highest? Multiple Choice O Prevention costs O Internal fallure costs O Appraisal costs O External fallure costsSummit Products, Incorporated is interested in producing and selling an improved widget. Market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $65. Summit has learned that a competitor plans to introduce a similar widget at a price of $80. In response. Summit may reduce its selling price to $80. If Summit requires a 25% return on sales, what is the target cost for the new widget? Multiple Choice O $80.00 O $60.00 O $ 23.75 O $20.00