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 33,000 66,000 99,000 $330,000 Sales are $3,000,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Total Quality Cost Classification Prevention Appraisal Internal failure External failure Total Cost of Quality Report Quality Cost $ Percent of Total Quality Cost % % % $132,000 % Percent of Total Sales % % 1% % %

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 33,000 66,000 99,000 $330,000 Sales are $3,000,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Total Quality Cost Classification Prevention Appraisal Internal failure External failure Total Cost of Quality Report Quality Cost $ Percent of Total Quality Cost % % % $132,000 % Percent of Total Sales % % 1% % %

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-of-Quality Improvement—Relevant Cost Analysis PIM Industries Inc. manufactureselectronics components. Each unit costs $30 before the final test. The final test rejects, on average,5% of the 50,000 units manufactured per year. The average rejection rate of the industry is 3%. A consultant has determined that poor lighting is the most likely cause of this high rejection rate. It wouldcost $100,000 to install adequate lighting in the assembly department, which would be useful for5 years. With adequate lighting (which will cost an additional $5,000 of operating costs per year), thefirm expects to reduce its rejection rate to no higher than the industry average.Required1. Should the firm install the lighting? That is, what would be the projected five-year impact on operatingprofit? (Show calculations.)2. What other considerations might affect this decision?3. What is the primary role of the management accountant in this decision context?
Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term were as follows: Actual Planned Enrollment 4,500 4,125 Tuition per credit hour $120 $135 Credit hours 60,450 43,200 Registration, records, and marketing costs per enrolled student $275 $275 Instructional costs per credit hour $64 $60 Depreciation on classrooms and equipment $825,600 $825,600 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term.
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In response to intensive foreign competition, the management of Florex Company has attempted over the past year to improve the quality of its products. A statistical process control system has been installed and other steps have been taken to decrease the amount of warranty and other field costs, which have been trending upward over the past several years. Costs relating to quality and quality control over the last two years are given below: Inspection Quality engineering Depreciation of test equipment Rework labor Statistical process control Cost of field servicing Supplies used in testing. Systems development Warranty repairs Net cost of scrap Product testing Product recalls Disposal of defective products. Costs (in thousands) This Year Last Year $ 810 $ 1,152 $ 540 $ 810 $ 675 $ 270 $1,170 $1,440 $45 $ 630 $ 3,870 $ 630 $ 990 $ 2,610 $ 900 $ 1,890 $405 $ 1,260 $63 $ 900 $1,710 $ 1,260 $ 1,440 $ 1,080 $ 900 Sales have been flat over the past few years, at $90,000,000 per year. A…
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The following represents the financial information for Plaza Plastics for May and June: Sales revenue Costs Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims. Materials inspection Required A May $ 843,000 Required B Scrap $ 2,160 3,040 23,940 5,340 8,580 3,540 19,940 16,380 7,980 11,460 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Activity Complete this question by entering your answers in the tabs below. June $ 636,000 $ 1,870 1,920 11,880 4,500 6,480 3,240 16,830 8,730 4,500 11,340 Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. Category
Total Cost Cost Driver Square Feet Number of Employees Janitorial $150,000 Square footage serviced 200 40 Cafeteria 50,000 Number of employees 20,000 12 Cutting 1,125,000 4,000 120 Assembly 1,100,000 16,000 40 The Janitorial and Cafeteria departments are support departments. Determine the proportional (percentage) usage of the Cafeteria Department by the (a) Cutting and (b) Assembly departments using the direct method. i need help answering this
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