Cost of Quality ReportA quality control activity analysis indicated the following four activity costs of a hotel:Inspecting cleanliness of roomsProcessing lost customer reservationsRework incorrectly prepared room service mealEmployee training$258,400193,800129,20064,600$646,000Sales are $3,400,000. Prepare a cost of quality report. Round percent of sales to one decimal place.TotalQuality CostClassificationPreventionAppraisalInternal failureExternal failureTotalCost of Quality ReportQuality CostPercent of TotalQuality Cost%%%%%Percent ofTotal Sales%%%%%

Quality cost report is one of the report being prepared in business. It includes four type of costs…

Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms Processing lost customer reservations Rework incorrectly prepared room service meal Employee training Total Sales are $3,400,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Quality Cost Classification Prevention Appraisal Internal failure External failure Total Cost of Quality Report Quality Cost Percent of Total Quality Cost % % % % $258,400 193,800 129,200 64,600 $646,000 % Percent of Total Sales % % % % %

Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms Processing lost customer reservations Rework incorrectly prepared room service meal Employee training Total Sales are $3,400,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Quality Cost Classification Prevention Appraisal Internal failure External failure Total Cost of Quality Report Quality Cost Percent of Total Quality Cost % % % % $258,400 193,800 129,200 64,600 $646,000 % Percent of Total Sales % % % % %

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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Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. Total Total Total Machine Units Lumber Utilities Depreciation Produced Cost Cost Cost 6,000 shelves $72,000 $8,900 $125,000 12,000 shelves 144,000 15,800 125,000 24,000 shelves 288,000 29,600 125,000 30,000 shelves 360,000 36,500 125,000 1. Determine whether the costs in the table are variable, fixed, mizxed, or none of these. Lumber Variable Cost Mixed Cost Depreciation Fixed Cost Number of Units Produced, Total Costs = 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0. Recall that, for N = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two…
Cost of Quality and Value-Added/Non-Value-Added Reports for a Service Company Three Rivers Inc. provides cable TV and Internet service to the local community. The activities and activity costs of Three Rivers are identified as follows: a. Identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. Value-Added/ Non-Value-Added Classification Quality Control Activities Billing error correction Cable signal testing Reinstalling service (installed incorrectly the first time) Repairing satellite equipment Repairing underground cable connections to the customer Replacing old technology cable with higher quality cable Replacing old technology signal switches with higher quality switches Responding to customer home repair requests Training employees Total activity cost Activity Cost $35,400 108,800 76,000 34,000 23,000 151,400 173,000 42,400 36,000 $680,000 Quality Cost Classification Max
Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Will County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Miles Mowed Labor Costs 350 $4,000 300 3,750 400 4,500 250 2,750 375 4,250 200 2,500 100 2,400 Month and Cleaned April May June July August September October Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = $ 1700 + $ 7 X Plot the data on scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost- estimating equation for monthly labor costs. Monthly labor costs = $ $ X Adjust the equation developed in requirement (b) to incorporate the…
Room Revenue Transient Rooms Sold Group Rooms Sold Total Rooms Sold Operating Expenses Linen Cleaning Supplies Guest Supplies Outside Services Laundry Concierge Expense Office Supplies Reservation Expenses Reservation $150,000 Fixed Res Center Cost $180,000 Variable Reser. Center Department Cost at $6 per transient res. Total Reservation Expense 83,730 16,270 100,000 All other Expense $251,200 Total Operating Expenses Total Operating Expense Percentage $31,100 $24,000 $104,800 $24,000 $80,500 $60,000 $19,200 $581,200 $120,000
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Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms Processing lost customer reservations Reworking incorrectly prepared room service meals Employee training Total $47,600 23,800 95,200 71,400 $238,000 Sales are $1,700,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Quality Cost Classification Prevention Appraisal Internal failure External failure Total Cost of Quality Report Quality Cost Percent of Total Percent of Quality Cost Total Sales % % % % % % % % % %
Prevention costs Appraisal costs Internal failure costs: External failure costs Last Year $ 389, 100 $ 467, 300 $ 837,400 $1,100,000 This Year $ 669,500 $ 545,000 $ 465,000 $ 612,000 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 48 Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Internal and external failure costs The total cost of quality Increased Decreased 502,300 Decreased < Prev 4 of 5 ⠀⠀ Next
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