Homework Answers
Appraisal cost = Annual inspection costs + Annual testing cost
Appraisal cost = $265,000 + $672,000
Appraisal cost = $937,000
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The following table lists all costs of quality incurred by Sam's Surf Shop last year. Annual...
The following represents the financial information for Domingo Corporation for two months. March April $360,000 Sales...
The following represents the financial information for Domingo Corporation for two months. March April $360,000 Sales revenue $540,000 Costs $ 1,550 1,820 Process inspection 1,940 1,870 13,300 Scrap Quality training Warranty repairs Product testing equipment Customer complaints 20,600 4,300 6,700 2,500 16,000 15,100 6,400 9,800 4,800 7,500 3,100 20,000 9,400 4,700 Rework Preventive maintenance Materials inspection Field testing 13,500 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention,...
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control....
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control. What is Wally Company's cost of quality for appraisal? 1. Repairs for dog beds under warranty 2,332 2. Seamstress training 4,498 3. Wages of part-time inspector of products 745 4. Cost of replacements given to customers for defective dog beds 1,616 5. Product liability insurance 2,140 6. Inspection of sewing machines as part of routine maintenance 2,720 7. Inspection of fabric and thread for...
Required information [The following information applies to the questions displayed below.) The Abrams Corporation incurred the...
Required information [The following information applies to the questions displayed below.) The Abrams Corporation incurred the following quality costs for the year ending December LE VA Inspections Training Quality planning Maintenance Rework Warranty Testing of Equipment Scrap Lost sales Dointime Repairs $ 34,400 $ 16,200 7,000 9,300 3,600 8,340 7,500 8,000 18,850 M 006 6,702 0. 00 What are the total prevention costs for the Abrams Corporation? Multiple Choice Required information [The following information applies to the questions displayed below)...
cost of quality for appraisal !! Wally Company makes dog beds. Last year Wally incurred the...
cost of quality for appraisal !!
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control. What is Wally Company's cost of quality for appraisal? 1. Repairs for dog beds under warranty 2,665 2. Seamstress training 4,666 3. Wages of part-time inspector of products 585 4. Cost of replacements given to customers for defective dog beds 1,695 5. Product liability insurance 2,109 6. Inspection of sewing machines as part of routine maintenance 7. Inspection...
2. Jacobson Fabrication produces laundry machines. Its sales last year were $8,000,000. The following costs were...
2. Jacobson Fabrication produces laundry machines. Its sales last year were $8,000,000. The following costs were identified as being related to quality: Warranty repairs $62,000 Rework 47,000 Machine repairs 38,000 Warranty replacements 54,000 Inspection 52,000 Supplier evaluation 36,000 Scrap 65,000 Preventive maintenance 49,000 Quality training 23,000 Product testing 80,000 Statistical process control 32,000 Legal fees for product liability claims 83,000 Customer support 36,000 Required: 1. Prepare a Cost of Quality Report for Jacobson for last year. 2. Based on the...
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $49,500 Training of machine operators...
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $49,500 Training of machine operators 27,400 Processing returned products 18,100 Scrap processing (disposal) 25,300 Rework 7,900 Preventative maintenance 27,100 Product design 41,100 Warranty work 9,100 Finished goods inspection 23,300 From the above schedule of activity costs, determine the appraisal costs. Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $49,200 Training of machine operators 28,200 Processing returned products 18,900 Scrap processing (disposal) 26,600 Rework 6,700 Preventative maintenance...
a)Classify each of the following costs of quality as either a prevention cost, appraisal cost, internal...
a)Classify each of the following costs of quality as either a prevention cost, appraisal cost, internal failure cost or external failure cost. . Heat testing each finished product $40,000/year Yearly maintenance on production equipment $20,000/year Inspection of Raw Materials $10,000/year Warranty Claims $50,000/year Production loss due to machine breakdowns $8,000/year Training Manufacturing Employees $15,000/year Losses of products destroyed in heat test $25,000/year b) Prepare a cost of Quality Report, listing The costs by category and including the percentage of total...
Ramos Company makes dog beds. Last year Ramos incurred the following costs related to quality control....
Ramos Company makes dog beds. Last year Ramos incurred the following costs related to quality control. What is Ramos Company's cost of quality for internal failures? 1. Repairs for dog beds under warranty 2,499 2. Seamstress training 875 3. Wages of part-time inspector of products 1,349 4. Cost of replacements given to customers for defective dog beds 1,733 5. Product liability insurance 3,659 6. Inspection of sewing machines as part of routine maintenance 2,581 7. Inspection of fabric and thread...
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $48,800 Training of machine operators...
Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $48,800 Training of machine operators 27,000 Processing returned products 20,600 Scrap processing (disposal) 26,800 Rework 6,400 Preventative maintenance 28,700 Product design 44,100 Warranty work 6,900 Finished goods inspection 22,100 From the above schedule of activity costs, determine the appraisal costs. a.$118,300 b.$70,900 c.$48,800 d.$170,700
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control....
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control. What is Wally Company's cost of quality for internal failures? | 1. Repairs for dog beds under warranty 2,347 2. Seamstress training 833 3. Wages of part-time inspector of products 1,053 4. Cost of replacements given to customers for defective dog beds 1,685 5. Product liability insurance 3,768 6. Inspection of sewing machines as part of routine maintenance 3,357 7. Inspection of fabric and...
The following represents the financial information for Domingo Corporation for two months. March April $360,000 Sales revenue $540,000 Costs $ 1,550 1,820 Process inspection 1,940 1,870 13,300 Scrap Quality training Warranty repairs Product testing equipment Customer complaints 20,600 4,300 6,700 2,500 16,000 15,100 6,400 9,800 4,800 7,500 3,100 20,000 9,400 4,700 Rework Preventive maintenance Materials inspection Field testing 13,500 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention,...
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control. What is Wally Company's cost of quality for appraisal? 1. Repairs for dog beds under warranty 2,332 2. Seamstress training 4,498 3. Wages of part-time inspector of products 745 4. Cost of replacements given to customers for defective dog beds 1,616 5. Product liability insurance 2,140 6. Inspection of sewing machines as part of routine maintenance 2,720 7. Inspection of fabric and thread for...
Required information [The following information applies to the questions displayed below.) The Abrams Corporation incurred the following quality costs for the year ending December LE VA Inspections Training Quality planning Maintenance Rework Warranty Testing of Equipment Scrap Lost sales Dointime Repairs $ 34,400 $ 16,200 7,000 9,300 3,600 8,340 7,500 8,000 18,850 M 006 6,702 0. 00 What are the total prevention costs for the Abrams Corporation? Multiple Choice Required information [The following information applies to the questions displayed below)...
cost of quality for appraisal !!
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control. What is Wally Company's cost of quality for appraisal? 1. Repairs for dog beds under warranty 2,665 2. Seamstress training 4,666 3. Wages of part-time inspector of products 585 4. Cost of replacements given to customers for defective dog beds 1,695 5. Product liability insurance 2,109 6. Inspection of sewing machines as part of routine maintenance 7. Inspection...
2. Jacobson Fabrication produces laundry machines. Its sales last year were $8,000,000. The following costs were identified as being related to quality: Warranty repairs $62,000 Rework 47,000 Machine repairs 38,000 Warranty replacements 54,000 Inspection 52,000 Supplier evaluation 36,000 Scrap 65,000 Preventive maintenance 49,000 Quality training 23,000 Product testing 80,000 Statistical process control 32,000 Legal fees for product liability claims 83,000 Customer support 36,000 Required: 1. Prepare a Cost of Quality Report for Jacobson for last year. 2. Based on the...
a)Classify each of the following costs of quality as either a prevention cost, appraisal cost, internal failure cost or external failure cost. . Heat testing each finished product $40,000/year Yearly maintenance on production equipment $20,000/year Inspection of Raw Materials $10,000/year Warranty Claims $50,000/year Production loss due to machine breakdowns $8,000/year Training Manufacturing Employees $15,000/year Losses of products destroyed in heat test $25,000/year b) Prepare a cost of Quality Report, listing The costs by category and including the percentage of total...
Wally Company makes dog beds. Last year Wally incurred the following costs related to quality control. What is Wally Company's cost of quality for internal failures? | 1. Repairs for dog beds under warranty 2,347 2. Seamstress training 833 3. Wages of part-time inspector of products 1,053 4. Cost of replacements given to customers for defective dog beds 1,685 5. Product liability insurance 3,768 6. Inspection of sewing machines as part of routine maintenance 3,357 7. Inspection of fabric and...
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