Homework Answers
| 1. | Quality of Conformance |
| 2. | Quality Costs |
| 3. | Quality Circles |
| 4. | Prevention Costs, Appraisal Costs |
| 5. | Internal Failure Costs, External Failure Costs |
| 6. | External Failure Costs. |
| 7. | Appraisal Costs |
| 8. | Quality Costs |
| 9. | Quality Costs |
| 10. | External Failure Costs |
| 11. | Prevention Costs, Appraisal Costs |
| 12. | Quality Cost Report |
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Quality circles Prevention costs and 5 A company of and downtime caused by to
Quality Cost Report Evans Company had total sales of $3,800,000 for fiscal 20x5. The costs of...
Quality Cost Report Evans Company had total sales of $3,800,000 for fiscal 20x5. The costs of quality-related activities are given below. Returns/allowances $190,000 Design changes 228,000 Prototype inspection 11,400 Downtime 152,000 Quality circles 7,600 Packaging inspection 15,200 Field testing 7,600 Complaint adjustment 209,000 Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as...
Quality Cost Report Evans Company had total sales of $1,800,000 for fiscal 20x5. The costs of...
Quality Cost Report Evans Company had total sales of $1,800,000 for fiscal 20x5. The costs of quality-related activities are given below. Returns/allowances $90,000 Design changes 72,000 Prototype inspection 3,600 Downtime 90,000 Quality circles 5,400 Packaging inspection 7,200 Field testing 5,400 Complaint adjustment 90,000 Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as...
Evans Company had total sales of $4,000,000 for fiscal 20x5. The costs of quality-related activities are...
Evans Company had total sales of $4,000,000 for fiscal 20x5. The costs of quality-related activities are given below. S280,000 160.000 Returns/allowances Design changes Prototype inspection Downtime Quality circles 8.000 300,000 16,000 12.000 Packaging inspection Field testing Complaint adjustment 12,000 280,000 Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8", Evans Company...
Cornerstone Exercise 14.1 (Algorithmic) Quality Cost Report Evans Company had total sales of $1,100,000 for fiscal...
Cornerstone Exercise 14.1 (Algorithmic) Quality Cost Report Evans Company had total sales of $1,100,000 for fiscal 2015. The costs of quality-related activities are given below. Returns/allowances $49,500 Design changes 49,500 Prototype inspection 4,400 Downtime 49,500 Quality circles 5,500 Packaging inspection 4,400 Field testing 4,400 Complaint adjustment 88,000 Required: Hide 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example,...
To measure benefits from the discretionary cost activity called prevention and appraisal quality activities, a company...
To measure benefits from the discretionary cost activity called prevention and appraisal quality activities, a company might use which of the following surrogate measure of results? A.The reduction in customer complaints. B.The number of clients serviced. C.The reduction in unplanned downtime. D.The number of useful suggestions made by the CFO.
Nabors Company had actual quality costs for the year ended June 30,20x5, as given below. Prevention...
Nabors Company had actual quality costs for the year ended June 30,20x5, as given below. Prevention costs: $ 350,000 Prototype inspection Vendor certification 700,000 $ 1,050.000 Total prevention costs Appraisal costs: Process acceptance $365,000 Test labor 410,000 Total Appraisal costs $ 775.000 Internal failure costs: Retesting $ 212,500 Rework 425,000 Total internal failure costs $ 637.500 External failure costs: Recalls $ 227.250 Product liability 515,750 Total external failure costs $ 743,000 Total quality costs $3,205,500 At the zero-defect state, Nabors...
1. A number of activities that are a part of a company's quality control system are...
1. A number of activities that are a part of a company's quality control system are listed below. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost. Activities Cost a. Product testing. b. Product recalls c. Rework labor and overhead. d. Quality circles e. Downtime caused by defects f. Cost of field servicing 0 Inspection of goods h. Quality engineering Warranty repairs Statistical...
a quality cost report would be comprised of prevention costs only true or false
a quality cost report would be comprised of prevention costs only true or false
Long-Term Performance Report Nabors Company had actual quality costs for the year ended June 30, 20x5, as given below. Prevention costs: Prototype inspection $ 380,000 Vendor certificati...
Long-Term Performance Report Nabors Company had actual quality costs for the year ended June 30, 20x5, as given below. Prevention costs: Prototype inspection $ 380,000 Vendor certification 760,000 Total prevention costs $ 1,140,000 Appraisal costs: Process acceptance $ 395,000 Test labor 440,000 Total Appraisal costs $ 835,000 Internal failure costs: Retesting $ 227,500 Rework 455,000 Total internal failure costs $ 682,500 External failure costs: Recalls $ 232,000 Product liability 462,500 Total external failure costs $ 694,500 Total quality costs $3,352,000...
Chapter 01 Problems Saved 5 1. A number of activities that are a part of a...
Chapter 01 Problems Saved 5 1. A number of activities that are a part of a company's quality control system are listed below. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost. 5 points Activities Cost a. Product testing b. Product recalls. C. | Rework labor and overhead d. Quality circles e. Downtime caused by defects f. Cost of field servicing g. Inspection...
Evans Company had total sales of $4,000,000 for fiscal 20x5. The costs of quality-related activities are given below. S280,000 160.000 Returns/allowances Design changes Prototype inspection Downtime Quality circles 8.000 300,000 16,000 12.000 Packaging inspection Field testing Complaint adjustment 12,000 280,000 Required: 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8", Evans Company...
Nabors Company had actual quality costs for the year ended June 30,20x5, as given below. Prevention costs: $ 350,000 Prototype inspection Vendor certification 700,000 $ 1,050.000 Total prevention costs Appraisal costs: Process acceptance $365,000 Test labor 410,000 Total Appraisal costs $ 775.000 Internal failure costs: Retesting $ 212,500 Rework 425,000 Total internal failure costs $ 637.500 External failure costs: Recalls $ 227.250 Product liability 515,750 Total external failure costs $ 743,000 Total quality costs $3,205,500 At the zero-defect state, Nabors...
1. A number of activities that are a part of a company's quality control system are listed below. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost. Activities Cost a. Product testing. b. Product recalls c. Rework labor and overhead. d. Quality circles e. Downtime caused by defects f. Cost of field servicing 0 Inspection of goods h. Quality engineering Warranty repairs Statistical...
Chapter 01 Problems Saved 5 1. A number of activities that are a part of a company's quality control system are listed below. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost. 5 points Activities Cost a. Product testing b. Product recalls. C. | Rework labor and overhead d. Quality circles e. Downtime caused by defects f. Cost of field servicing g. Inspection...
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