Forensic Specialists compiled the following information for its first quarter cost of quality report:SalesCost of goods soldDisposing of scrapQuality training$ 238,200$ 87,000$ 283,000$ 78,820Resolving customer complaints$ 34,920Certifying suppliers$ 146,000The relevant percentage to be used to express appraisal activities at Forensic Specialists is:Inspecting materials on deliveryPerformance reviewsMultiple ChoiceO 35.30%.O 6.17%.1.40%.$ 5,630,000$ 3,378,000O 2.87%

Forensic Specialists compiled the following information for its first quarter cost of quality report: Sales Cost of goods sold Disposing of scrap Quality training Inspecting materials on delivery Performance reviews Multiple Choice O 35.30%. Resolving customer complaints Certifying suppliers The relevant percentage to be used to express appraisal activities at Forensic Specialists is: O 6.17%. о 1.40%. $ 5,630,000 $ 3,378,000 2.87%. $ 238,200 $ 87,000 $ 283,000 $ 78,820 $ 34,920 $ 146,000

Forensic Specialists compiled the following information for its first quarter cost of quality report: Sales Cost of goods sold Disposing of scrap Quality training Inspecting materials on delivery Performance reviews Multiple Choice O 35.30%. Resolving customer complaints Certifying suppliers The relevant percentage to be used to express appraisal activities at Forensic Specialists is: O 6.17%. о 1.40%. $ 5,630,000 $ 3,378,000 2.87%. $ 238,200 $ 87,000 $ 283,000 $ 78,820 $ 34,920 $ 146,000

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 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 $3,000,000. 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 % % % % $132,000 33,000 66,000 99,000 $330,000 % Percent of Total Sales % % % % % O Previous Ne
Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms $97,200 Processing lost customer reservations 48,600 Rework incorrectly prepared room service meal 291,600 Employee training 48,600 Total $486,000 Sales are $2,700,000. Prepare a cost of quality report. Round percent of sales to one decimal place.
10-44. Resources Used versus Resources Supplied The Purchasing Department at Arnold & Daughters reports the following information about resources. Cost Driver Rate Cost Driver Volume Resources used 24 Material testing Material procurement. Resources supplied Material testing Material procurment. 43 per test 2,000 tests %$4 600 per order 500 orders $100,000 $340,000 Required Compute unused resource capacity in the Purchasing Department at Arnold & Daughters.
The following represents the financial information for Plaza Plastics for May and June: June $636,000 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 Required B Prevention May $ 843,000 % $ 2,160 3,040 23,940 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. June 5,340 8,580 3,540 Complete this question by entering your answers in the tabs below. % 19,940 16,380 7,980 11,460 Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Note: Round your percentage answers to 1 decimal place (i.e., .321 as 32.1). May $ 1,870 1,920 11,880 4,500 6,480 3,240 16,830 8,730 4,500 11,340
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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. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,550 $140,000 14,000 shelves 168,000 17,600 140,000 28,000 shelves 336,000 33,700 140,000 35,000 shelves 420,000 41,750 140,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation 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 = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion…
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