Cass Company has recorded the following information for the last six months of operations from its cost of quality syster Quarter 1 $ 790,000 Revenue Costs Warranty expense Machine calibration Customer returns (defects) Material inspection on receiving dock Waste Quality testing equipment Rework Inspection before packaging Training on testing equipment $ 15,800 4,400 23,400 9,720 19,600 19,300 Required: Construct a cost of quality report for Quarter 1 and Quarter 2. 2,880 8,200 6,800 Quarter 2 $ 950,000 $ 15,000 8,560 19,600 6,720 15,920 12,900 4,850 10,100 10, 200

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Cass Company has recorded the following information for the last six months of operations from its cost of quality system:
Quarter 1
$ 790,000
Quarter 2
$ 950,000
Revenue
Costs
Warranty expense
Machine calibration
Customer returns (defects)
Material inspection on receiving dock
Waste
Quality testing equipment
Rework
Inspection before packaging
Training on testing equipment
$ 15,800
4,400
23,400
9,720
19,600
19,300
2,880
8,200
6,800
$ 15,000
8,560
19,600
6,720
15,920
12,900
4,850
10,100
10,200
Required:
Construct a cost of quality report for Quarter 1 and Quarter 2.
Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).
Transcribed Image Text:Cass Company has recorded the following information for the last six months of operations from its cost of quality system: Quarter 1 $ 790,000 Quarter 2 $ 950,000 Revenue Costs Warranty expense Machine calibration Customer returns (defects) Material inspection on receiving dock Waste Quality testing equipment Rework Inspection before packaging Training on testing equipment $ 15,800 4,400 23,400 9,720 19,600 19,300 2,880 8,200 6,800 $ 15,000 8,560 19,600 6,720 15,920 12,900 4,850 10,100 10,200 Required: Construct a cost of quality report for Quarter 1 and Quarter 2. Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).
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