Cost-of-Quality (COQ) Reporting CVI, Inc., had November sales totaling $4,200,000 and incu...

Cost-of-Quality (COQ) Reporting CVI, Inc., had November sales totaling $4,200,000 and incurred the following quality-related costs:

Required

1. Prepare a cost-of-quality (COQ) report for November, with appropriate classifications. For each of the four major categories in your report, present total category cost as a percentage of total COQ for the period and as a percentage of sales.

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2. Offer some observations regarding the data presented in your report, in terms of the process of managing and controlling quality costs.

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3. What are the primary limitations of COQ reports, similar to the one you prepared?