ABC Company's quality cost report is to be based on the following data:What would be the total prevention cost appearing on the quality cost report? P75,000P93,000P145,000P76,000 Liability arising from defective products.Final product testing and inspectionStatistical process control activities.Returns arising from quality problems.Test and inspection of incoming materialsQuality circles.Rework labor and overhead ..Test and inspection of in-process goods.Net cost of serap...$57,000$22,000$13,000$12,000$82,000$63,000$70,000$80,000$14,000

Cost of Asset- Cost of an asset contains all the costs which are acquired in the process of…

Answered: ABC Company's quality cost report is to…

ABC Company's quality cost report is to be based on the following data: What would be the total prevention cost appearing on the quality cost report? P75,000 P93,000 P145,000 P76,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

ABC Company's quality cost report is to be based on the following data:

What would be the total prevention cost appearing on the quality cost report?

P75,000

P93,000

P145,000

P76,000

Liability arising from defective products.
Final product testing and inspection
Statistical process control activities.
Returns arising from quality problems.
Test and inspection of incoming materials
Quality circles.
Rework labor and overhead ..
Test and inspection of in-process goods.
Net cost of serap...
$57,000
$22,000
$13,000
$12,000
$82,000
$63,000
$70,000
$80,000
$14,000

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