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Fackler Company's quality cost report is to be based on the following data: Quality circles Product recalls Supplies used in testing and inspection Net cost of scrap $ 12,000 $ 24,000 $ 87,000 $ 59,000

Fackler Company's quality cost report is to be based on the following data: Quality circles Product recalls Supplies used in testing and inspection Net cost of scrap $ 12,000 $ 24,000 $ 87,000 $ 59,000

FINANCIAL ACCOUNTING
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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Fackler Company's quality cost report is to be based on the following data: Quality circles Product recalls Supplies used in testing and inspection Net cost of scrap Liability arising from defective products Re-entering data because of keying errors Debugging software errors Test and inspection of incoming materials Quality data gathering, analysis, and reporting What would be the total internal failure cost appearing on the quality cost report? $ 12,000 $ 24,000 $ 87,000 $ 59,000 $ 38,000 $ 65,000 $ 19,000 $ 65,000 $ 55,000
Transcribed Image Text:Fackler Company's quality cost report is to be based on the following data: Quality circles Product recalls Supplies used in testing and inspection Net cost of scrap Liability arising from defective products Re-entering data because of keying errors Debugging software errors Test and inspection of incoming materials Quality data gathering, analysis, and reporting What would be the total internal failure cost appearing on the quality cost report? $ 12,000 $ 24,000 $ 87,000 $ 59,000 $ 38,000 $ 65,000 $ 19,000 $ 65,000 $ 55,000
Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality Quality data gathering, analysis, and reporting Net cost of spoilage. Re-entering data because of keying errors Test and inspection of in-process goods Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems What would be the total internal failure cost appearing on the quality cost report? $ 78,000 $ 23,000 $ 88,000 $ 98,000 $ 24,000 $ 78,000 $ 49,000 $ 16,000 $ 26,000
Transcribed Image Text:Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality Quality data gathering, analysis, and reporting Net cost of spoilage. Re-entering data because of keying errors Test and inspection of in-process goods Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems What would be the total internal failure cost appearing on the quality cost report? $ 78,000 $ 23,000 $ 88,000 $ 98,000 $ 24,000 $ 78,000 $ 49,000 $ 16,000 $ 26,000
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