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ACME Anvil Corporation has done extensive analysis of their current process and found the following costs associated with the quality of their products and their revenue for the period:

ACME Anvil Corporation has done extensive analysis of their current process and found the following costs associated with the quality of their products and their revenue for the period:

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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ACME Anvil Corporation has done extensive analysis of their current process and found the following costs associated with the quality of their products and their revenue for the period: Quality Cost Scrap Products During Production Reprocessing During Production Warranty Claims Customer Returns Additional Shipping Charges Quality Training for Employees Quality Control Salaries Total Revenue O $155,000 O $135,000 Amount 155,000 135,000 650,000 800,000 Based on these figures, what is the amount of the Internal Failure Costs? $290,000 O $365,000 75,000 10,000 50,000 12,500,000
Transcribed Image Text:ACME Anvil Corporation has done extensive analysis of their current process and found the following costs associated with the quality of their products and their revenue for the period: Quality Cost Scrap Products During Production Reprocessing During Production Warranty Claims Customer Returns Additional Shipping Charges Quality Training for Employees Quality Control Salaries Total Revenue O $155,000 O $135,000 Amount 155,000 135,000 650,000 800,000 Based on these figures, what is the amount of the Internal Failure Costs? $290,000 O $365,000 75,000 10,000 50,000 12,500,000
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