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Evans Company had total sales of $4,000,000 for fiscal 20x5. The costs of quality-related activities are...
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...
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,...
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...
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...
Interim Quality Performance Report Davis, Inc., had the following quality costs for the years ended December 31, 20x4 and 20x5: 20x4 20x5 Prevention costs: Quality audits $60,000 ...
Interim Quality Performance Report Davis, Inc., had the following quality costs for the years ended December 31, 20x4 and 20x5: 20x4 20x5 Prevention costs: Quality audits $60,000 $90,000 Vendor certification 119,500 179,250 Appraisal costs: Product acceptance $90,000 $135,000 Process acceptance 91,000 102,500 Internal failure costs: Retesting $96,000 $86,000 Rework 200,000 176,000 External failure costs: Recalls $142,500 $114,000 Warranty 330,000 314,000 At the end of 20x4, management decided to increase its investment in control costs by 50 percent for each category’s...
Davis, Inc., had the following quality costs for the years ended December 31, 20x4 and 20x5:...
Davis, Inc., had the following quality costs for the years ended December 31, 20x4 and 20x5: 20x4 20x5 Prevention costs: Quality audits $69,000 $103,500 Vendor certification 127,500 191.250 Appraisal costs: Product acceptance $90,000 $135,000 Process acceptance 97,000 117,500 Internal failure costs: Retesting $92,000 $96,000 Rework 204,000 170,000 External failure costs: Recalls $127,500 $102,000 Warranty 305,000 302,000 At the end of 20x4, management decided to increase its investment in control costs by 50 percent for each category's items with the expectation...
Verde Company reported operating costs of $37,000,000 as of December 31, 20x5, with the following environmental...
Verde Company reported operating costs of $37,000,000 as of December 31, 20x5, with the following environmental costs: Testing for contamination $ 518,000 Inspecting products 592,000 Treating toxic waste 1,739,000 Obtaining ISO 14001 certification 962,000 Designing processes 629,000 Cleaning up oil spills 2,516,000 Maintaining pollution equipment 481,000 Cleaning up contaminated soil 4,625,000 Required: 1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. Round percentages to two decimal places, if...
Interim Quality Performance Report Davis, Inc., had the following quality costs for the years ended December...
Interim Quality Performance Report Davis, Inc., had the following quality costs for the years ended December 31, 20x4 and 20x5: 20x4 20x5 Prevention costs: Quality audits $71,000 $106,500 Vendor certification 124,500 186,750 Appraisal costs: Product acceptance $93,000 $139,500 Process acceptance 85,000 107,500 Internal failure costs: Retesting $108,000 $90,000 Rework 200,000 188,000 External failure costs: Recalls $135,000 $108,000 Warranty 315,000 318,000 At the end of 20x4, management decided to increase its investment in control costs by 50 percent for each category’s...
13.03 In 20X1, Don Blackburn, president of Price Electronics, received a report indicating that quality costs...
13.03 In 20X1, Don Blackburn, president of Price Electronics, received a report indicating that quality costs were 31% of sales. Faced with increasing pressures from imported goods, Don resolved to take measures to improve the overall quality of the company’s products. After hiring a consultant in 20X1, the company began an aggressive program of total quality control. At the end of 20X5, Don requested an analysis of the progress the company had made in reducing and controlling quality costs. The...
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...
Davis, Inc., had the following quality costs for the years ended December 31, 20x4 and 20x5: 20x4 20x5 Prevention costs: Quality audits $69,000 $103,500 Vendor certification 127,500 191.250 Appraisal costs: Product acceptance $90,000 $135,000 Process acceptance 97,000 117,500 Internal failure costs: Retesting $92,000 $96,000 Rework 204,000 170,000 External failure costs: Recalls $127,500 $102,000 Warranty 305,000 302,000 At the end of 20x4, management decided to increase its investment in control costs by 50 percent for each category's items with the expectation...
Verde Company reported operating costs of $37,000,000 as of December 31, 20x5, with the following environmental costs: Testing for contamination $ 518,000 Inspecting products 592,000 Treating toxic waste 1,739,000 Obtaining ISO 14001 certification 962,000 Designing processes 629,000 Cleaning up oil spills 2,516,000 Maintaining pollution equipment 481,000 Cleaning up contaminated soil 4,625,000 Required: 1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. Round percentages to two decimal places, if...
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