4 Quality Training is $66,000; Quality Planning is $34,000; Design Review is $10,000. Testing is $59,000; Inspection is $51,000; Calibration is 20,000; Factory Scrap is $68,000; Factory Rework is $48,000; Factory Downtime due to poor quality is $4,000; Quality Returns are $56,000; Liability Claims are $24,000; Analysis of Returns & Claims is $20,000; Shipping is $72,000; Advertising is $38,000; Marketing is $26,000. Sales are $6,000,000. Calculate the Cost of Prevention, Appraisal, Internal Failure and External Failure. Calculate the Total Cost of Quality and Ratio to Sales. What should we do?

4 Quality Training is $66,000; Quality Planning is $34,000; Design Review is $10,000. Testing is $59,000; Inspection is $51,000; Calibration is 20,000; Factory Scrap is $68,000; Factory Rework is $48,000; Factory Downtime due to poor quality is $4,000; Quality Returns are $56,000; Liability Claims are $24,000; Analysis of Returns & Claims is $20,000; Shipping is $72,000; Advertising is $38,000; Marketing is $26,000. Sales are $6,000,000. Calculate the Cost of Prevention, Appraisal, Internal Failure and External Failure. Calculate the Total Cost of Quality and Ratio to Sales. What should we do?

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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Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: FabricationDepartment FinishingDepartment Cost Driver Maintenance $ 36,000 18,000 Machine hours Materials handling 54,000 27,000 Material moves Machine 126,000 9,000 Machine setups Inspections - 45,000 Inspection hours Total $ 216,000 $ 99,000 The following activity predictions were also made for the year: FabricationDepartment FinishingDepartment Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours - 500 It is assumed that the cost per unit of activity for a given activity does not vary between departments. Steampunk's president, Abner Punk, is trying to evaluate the company's product mix strategy regarding two of its product models, SW100 and SG150. The company has been using a company wide overhead rate based on machine hours but is considering…
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oriole company provides financial consulting and has collected the following data for the nexts years budgeted activity for a lead consultant, the company employs time and materials pricing. consultants wages $95000 fringe benefits $12500 related overhead $17500 materials clerk wages$17000 fringe benefits $4500 related overhead $20000 profit margin per hour $20 profit margin on materials 33% total estimated consulting hours 5000 total estimated material costs $166000.... the material loading charge is?a)33% b)58% c)25% d)91%
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I need an answer for number 2, please, thank you!
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Quality costs indices are often used to measure costs of quality relative to some financial measure, such as percent of sales. The following information on sales and quality costs were incurred in December 2023: Sales $350,000 Materials Inspection $23,500 Direct Materials Costs $80,000 Direct Labor Costs $35,000 Batch Sampling Costs $6,400 Scrap and Rework Costs $16,800 Cost of Returns and Warranty $14,200 What is the quality of cost index? Answer in decimal format (i.e. 0.XXX)
am.112.
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