Gadsen Company's quality cost report is to be based on the following data: Maintenance of test equipment Quality training Product recalls Quality circles Rework labor and overhead Liability arising from defective products Supervision of testing and inspection activities Re-entering data because of keying errors Supplies used in testing and inspection $ 25,000 $ 94,000 $ 58,000 $ 32,000 $ 49,000 $ 13,000 $ 86,000 $ 60,000 $ 100,000 Required: Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs.

Gadsen Company's quality cost report is to be based on the following data: Maintenance of test equipment Quality training Product recalls Quality circles Rework labor and overhead Liability arising from defective products Supervision of testing and inspection activities Re-entering data because of keying errors Supplies used in testing and inspection $ 25,000 $ 94,000 $ 58,000 $ 32,000 $ 49,000 $ 13,000 $ 86,000 $ 60,000 $ 100,000 Required: Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs.

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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Schedule of Activity Costs Quality Control Activities Product testing Assessing vendor quality Recalls Rework Scrap disposal Product design Training machine operators Warranty work Process audits From the provided schedule of activity costs, determine the (a) value-added and (b) non-value-added costs. 2 a. Value-added costs $ Activity Cost $55,000 26,000 18,000 29,000 8,000 30,000 46,000 12,000 22,000 b. Non-value-added costs $
Schedule of Activity Costs Quality Control Activities Product testing Assessing vendor quality Recalls Rework Scrap disposal Product design Training machine operators Warranty work Process audits From the provided schedule of activity costs, determine the (a) prevention and (b) appraisal costs. a. Prevention costs $ Activity Cost $55,000 26,000 18,000 29,000 8,000 30,000 46,000 12,000 22,000 b. Appraisal costs $
Schedule of Activity Costs Quality Control Activities Process audits Training of machine operators Processing returned products Scrap processing (disposal) Rework Preventative maintenance Product design Warranty work Finished goods inspection Activity Cost $51,900 29,900 19,900 25,700 8,600 31,600 41,000 6,600 22,500 From the provided schedule of activity costs, determine the internal failure costs. Oa. $101,800 Ob. $27,440 Oc. $34,300 Od. $60,800
Schedule of Activity Costs Quality Control Activities Product testing Assessing vendor quality Recalls Rework Scrap disposal Product design Training machine operators Warranty work Process audits Activity Cost $55,000 26,000 18,000 29,000 8,000 30,000 46,000 12,000 22,000 From the provided schedule of activity costs, determine the internal failure costs.
HELP WITH CORRECT ANSWER AND WORKING Schedule of Activity CostsQuality Control ActivitiesActivity CostProcess audits$48,200Training of machine operators27,000Processing returned products16,700Scrap processing (disposal)25,200Rework8,900Preventative maintenance28,100Product design43,800Warranty work6,900Finished goods inspection23,000 From the above schedule of activity costs, determine the total activity cost. a. $227,800 b. $99,000 c. $275,638 d. $149,700
32 nts R 04:51:56 eBook TB Problem Qu. 12-114 (Algo) Gadsen Company's quality cost report ... Gadsen Company's quality cost report is to be based on the following data: Maintenance of test equipment Quality training Product recalls Quality circles Rework labor and overhead Liability arising from defective products Supervision of testing and inspection activities Re-entering data because of keying errors Supplies used in testing and inspection Prevention costs Quality training Required: Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs. JALALALILALILILILLILI Maintenance of test equipment Product recalls Quality circles Quality training Gadsen Company Quality Cost Report Re-entering data because of keying errors Rework labor and overhead Total appraisal cost Internal failure costs Total internal failure cost External failure costs $ 30,000 $ 99,000 $ 63,000 $ 37,000 $54,000 $ 18,000…
Exercise 8-29 Quality-Cost Report (LO 8-7) San Mateo Circuitry manufactures electrical Instruments for a variety of purposes. The following costs related to maintaining product quality were incurred in May. Training of quality-control inspectors Tests of instruments before sale Inspection of electrical components purchased from outside suppliers Costs of rework on faulty instruments Replacement of instruments already sold, which were still covered by warranty Costs of defective parts that cannot be salvaged Prevention cost: Required: Prepare a quality-cost report. (Round "Percentage of Total" to 1 decimal place. Total may not be equal to 100% due to rounding.) Total Appraisal cost: Total Internal failure cost: Total External failure cost: Total Total quality costs SAN MATEO CIRCUITRY Quality-Cost Report For the Month of May Costs for May Percentage of Total % % % % % % % % % % % $23,000 35,000 12,000 % % % % 9,000 16,300 6,300
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