Homework Help is Here – Start Your Trial Now!
Business
Accounting
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) Last Year This Year $ 840 $ 870 $ 360 $ 600 $ 510 $ 300 $ 1,230 $ 0 $ 1,650 $ 60 $ 1,890 $ 300 $ 660 $ 3,000 $ 900 $ 30 $ 750 $ 1,200 $ 660 $ 1,230 $ 990 $ 1,350 $ 2,400 $ 750 $ 810 $ 930 Sales have been flat over the past few years, at $75,000,000 per year. A great deal of money has been spent in the effort to upgrade quality, and management is anxious to see whether or not the effort has been effective. Required: 1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousands. Round your percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).) Prevention costs: Total prevention costs Appraisal costs Total appraisal costs Internal failure costs: Total internal failure costs External failure costs: Total external failure costs Total quality cost Florex Company Quality Cost Report Last Year This Year Amount (in thousands) Percent of Sales Amount (in thousands) Percent of Sales

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) Last Year This Year $ 840 $ 870 $ 360 $ 600 $ 510 $ 300 $ 1,230 $ 0 $ 1,650 $ 60 $ 1,890 $ 300 $ 660 $ 3,000 $ 900 $ 30 $ 750 $ 1,200 $ 660 $ 1,230 $ 990 $ 1,350 $ 2,400 $ 750 $ 810 $ 930 Sales have been flat over the past few years, at $75,000,000 per year. A great deal of money has been spent in the effort to upgrade quality, and management is anxious to see whether or not the effort has been effective. Required: 1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousands. Round your percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).) Prevention costs: Total prevention costs Appraisal costs Total appraisal costs Internal failure costs: Total internal failure costs External failure costs: Total external failure costs Total quality cost Florex Company Quality Cost Report Last Year This Year Amount (in thousands) Percent of Sales Amount (in thousands) Percent of Sales

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter13: Budgeting And Standard Costs
Section: Chapter Questions
Problem 13.6.6P: Standards for nonmanufacturing expenses The Radiology Department provides imaging services for...
See similar textbooks
icon
Related questions
Question
fill all table data
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) Last Year This Year $ 840 $ 870 $ 360 $ 600 $ 510 $ 300 $ 1,230 $ 0 $ 1,650 $ 60 $ 1,890 $ 300 $ 660 $ 3,000 $ 900 $ 30 $ 750 $ 1,200 $ 660 $ 1,230 $ 990 $ 1,350 $ 2,400 $ 750 $ 810 $ 930 Sales have been flat over the past few years, at $75,000,000 per year. A great deal of money has been spent in the effort to upgrade quality, and management is anxious to see whether or not the effort has been effective. Required: 1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousands. Round your percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).) Prevention costs: Total prevention costs Appraisal costs Total appraisal costs Internal failure costs: Total internal failure costs External failure costs: Total external failure costs Total quality cost Florex Company Quality Cost Report Last Year This Year Amount (in thousands) Percent of Sales Amount (in thousands) Percent of Sales
Transcribed Image Text: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) Last Year This Year $ 840 $ 870 $ 360 $ 600 $ 510 $ 300 $ 1,230 $ 0 $ 1,650 $ 60 $ 1,890 $ 300 $ 660 $ 3,000 $ 900 $ 30 $ 750 $ 1,200 $ 660 $ 1,230 $ 990 $ 1,350 $ 2,400 $ 750 $ 810 $ 930 Sales have been flat over the past few years, at $75,000,000 per year. A great deal of money has been spent in the effort to upgrade quality, and management is anxious to see whether or not the effort has been effective. Required: 1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousands. Round your percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).) Prevention costs: Total prevention costs Appraisal costs Total appraisal costs Internal failure costs: Total internal failure costs External failure costs: Total external failure costs Total quality cost Florex Company Quality Cost Report Last Year This Year Amount (in thousands) Percent of Sales Amount (in thousands) Percent of Sales
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Pkg Acc Infor Systems MS VISIO CD
Pkg Acc Infor Systems MS VISIO CD
Finance
ISBN:
9781133935940
Author:
Ulric J. Gelinas
Publisher:
CENGAGE L
SEE MORE TEXTBOOKS