abrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 19,400 Quality data gathering, analysis, and reporting $67,900 Net cost of spoilage $ 64,700 Re-entering data because of keying errors $ 25,000 Test and inspection of in-process goods $ 12,700 $ 46,100 $ 40,800 $ 40,400 $ 65,600 Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems

abrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 19,400 Quality data gathering, analysis, and reporting $67,900 Net cost of spoilage $ 64,700 Re-entering data because of keying errors $ 25,000 Test and inspection of in-process goods $ 12,700 $ 46,100 $ 40,800 $ 40,400 $ 65,600 Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems

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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How Can I resolve this problem? Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs using the four categories shown below: Required: 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. 4a. Calculate the change in total cost of quality over the two-year period. Last Year This Year Prevention costs $ 339,200 $ 637,000 Appraisal costs $ 467,300 $ 496,000 Internal failure costs $ 853,200 $ 545,000 External failure costs $ 1,001,000 $ 734,400
I need help with just 4a please thank you.
Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs using the four categories shown below: Prevention costs Appraisal costs Internal failure costs Last Year $ 378,400 $ 440,600 This Year $ 591,500 $ 550,500 $ 813,700 $ 455,000 $ 1,144,000 $ 652,800 External failure costs Required: 1. Calculate the total cost of quality last year and this year. 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. 4-a. Calculate the change in total cost of quality over the two-year period. 4-b. Is performance trending in a favorable or unfavorable direction? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4A Required 4B Calculate the total cost of quality last year and this year. Total…
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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) 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 $
Subject: acounting
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 $49,100 28,600 15,900 24,700 5,700 27,600 42,200 8,700 22,600 From the provided schedule of activity costs, determine the value-added costs. Oa. $170,100 Ob. $178,800 Oc. $225,100 Od. $147,500
a. A manufacturer of nuclear components produces valves that are packed into boxes of 100. If quality control studies indicate that 0.5% of the valves produced are defective. what percentage of the boxes will contain: (0) no defective valve? (b) 2 or more defectives values?
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Walton Company measured its quality costs for the past two years and summarized those costs using the four categories shown below: Prevention costs Appraisal costs Internal failure costs External failure costs Last Year $ 324,900 $ 440,600 $734,700 $ 1,023,000 This Year $ 604,500 $ 517,800 $ 450,000 $ 727,600 Required: 1. Calculate the total cost of quality last year and this year. 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. 4-a. Calculate the change in total cost of quality over the two-year period. 4-b. Is performance trending in a favorable or unfavorable direction?
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