The Backwoods American Company produces approximately 42,938 parkas annually. The quality-management program the company implemented was able to improve the average percentage of good parkas produced by 1% each year, beginning with 76% good-quality parkas in 2012. Only about 6% of poor-quality parkas could be reworked.

Compute the product yield for each of the five years.

* Do not enter the percentages as decimals. Do not include the percent sign in your answers. ** Round your answers to the nearest integer, the tolerance is +/-2.

Year	% Good-quality *	Product yield **
2012
2013
2014
2015
2016

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Given the following annual manufacturing costs and a rework cost of $13per parka, determine the manufacturing cost per good parka for each of the five years.

Round your answers to 2 decimal places, the tolerance is +/-0.01.

Year	2012	2013	2014	2015	2016
Manufacturing Cost	$420,900	$423,400	$424,700	$436,100	$435,500
Manufacturing cost per good parka	$	$	$	$	$

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Which of the following statements most closely describes the results of the quality management program over the five years?

quality increased with no effect on cost

the increased % of good quality increased product yield, thereby reducing the cost of manufacturing

both quality and cost increased

the cost of manufacturing initially increased, but as the quality management program took effect, costs began to decrease