For each of the quality costs shown below, what is the amount of the cost as a percent of the total cost of quality column of answers relates the first quarter and the second column relates to the second quarter. Note: Round your answers to 1 decimal place. Cost of testing equipment Inspection Net cost of scrap Product recalls Systems development Warranty repairs Quarter 1 (%) % % % % % Quarter 2 (%) % % % % % %
For each of the quality costs shown below, what is the amount of the cost as a percent of the total cost of quality column of answers relates the first quarter and the second column relates to the second quarter. Note: Round your answers to 1 decimal place. Cost of testing equipment Inspection Net cost of scrap Product recalls Systems development Warranty repairs Quarter 1 (%) % % % % % Quarter 2 (%) % % % % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
Excel Analytics 12-01 (Static) Quality Cost Report [LO12-2]
To complete this activity, you will need to have Excel installed on your computer. This exercise requires you to work in
Excel and answer questions in Connect. You will read a brief scenario and then download an Excel file that you will need
to complete the requirements in Parts 1 through 3 of this exercise.
Some of the requirements include brief video tutorials on using Excel functions. After viewing the tutorials, you will then
use what you learned to work directly in Excel to answer the required questions in Connect.
[The following information applies to the questions displayed below.]
Harvey Company designs and produces surgical lasers. Its product is brilliantly designed, but the manufacturing process
has been plagued by chronic quality control problems. To help address the situation, Harvey formed a cross-functional
team of managers that quantified its costs of quality over the last two quarters as follows:
Cost of testing equipment
Customer returns of defective goods
Downtime due to quality problems.
Inspection
Net cost of scrap
Product recalls
Quality engineering
Rework labor
Statistical process control
Supplies used in testing
Systems development
Warranty repairs
Costs (in thousands)
Quarter 2
Quarter 1
$270
$3,200
$600
$1,700
$800
$3,500
$1,080
$1,400
$390
$200
$1,100
$2,770
$1,300
$600
$1,650
$1,600
$0
$270
$30
$40
$120
$680
$3,300
$2,800
The company's sales were $95 million in Quarter 1 and $100 million in Quarter 2.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe48f2cc2-c0df-4180-9b02-9e89bea4a0c0%2F03eb37a1-2fe1-4d00-bff8-3af0f6e59660%2Fver54fr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Excel Analytics 12-01 (Static) Quality Cost Report [LO12-2]
To complete this activity, you will need to have Excel installed on your computer. This exercise requires you to work in
Excel and answer questions in Connect. You will read a brief scenario and then download an Excel file that you will need
to complete the requirements in Parts 1 through 3 of this exercise.
Some of the requirements include brief video tutorials on using Excel functions. After viewing the tutorials, you will then
use what you learned to work directly in Excel to answer the required questions in Connect.
[The following information applies to the questions displayed below.]
Harvey Company designs and produces surgical lasers. Its product is brilliantly designed, but the manufacturing process
has been plagued by chronic quality control problems. To help address the situation, Harvey formed a cross-functional
team of managers that quantified its costs of quality over the last two quarters as follows:
Cost of testing equipment
Customer returns of defective goods
Downtime due to quality problems.
Inspection
Net cost of scrap
Product recalls
Quality engineering
Rework labor
Statistical process control
Supplies used in testing
Systems development
Warranty repairs
Costs (in thousands)
Quarter 2
Quarter 1
$270
$3,200
$600
$1,700
$800
$3,500
$1,080
$1,400
$390
$200
$1,100
$2,770
$1,300
$600
$1,650
$1,600
$0
$270
$30
$40
$120
$680
$3,300
$2,800
The company's sales were $95 million in Quarter 1 and $100 million in Quarter 2.
Transcribed Image Text:For each of the quality costs shown below, what is the amount of the cost as a percent of the total cost of quality? The first
column of answers relates the first quarter and the second column relates to the second quarter.
Note: Round your answers to 1 decimal place.
Cost of testing equipment
Inspection
Net cost of scrap
Product recalls
Systems development
Warranty repairs
Quarter 1
(%)
%
%
%
%
%
%
Quarter 2
(%)
%
******
%
%
%
%
%
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