Preventive maintenanceLegal expense for warranty claimsMaterials inspectionRequired: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.Required A Required BComplete this question by entering your answers in the tabs below.PreventionAppraisalInternal failureExternal failure16,3807,98011,460Calculate 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%%%%June8,7304,50011,340%%%%< Required ARequired B >+ The following represents the financial information for Plaza Plastics for May and June:June$636,000Sales revenueCostsScrapProcess inspectionQuality trainingProduct testing equipmentField testingWarranty repairsReworkPreventive maintenanceLegal expense for warranty claimsMaterials inspectionRequired A Required BPreventionMay$ 843,000%$ 2,1603,04023,940Required: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.June5,3408,5803,540Complete this question by entering your answers in the tabs below.%19,94016,3807,98011,460Calculate 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$ 1,8701,92011,8804,5006,4803,24016,8308,7304,50011,340

Prevention cost refers to the cost incurred by a company or organization to prevent defects or…

Materials inspection 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. Required A Required B Complete this question by entering your answers in the tabs below. Prevention Appraisal Internal failure External failure 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 % % % % 11,460 June % % % % 11,340 < Required A Required B >

Materials inspection 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. Required A Required B Complete this question by entering your answers in the tabs below. Prevention Appraisal Internal failure External failure 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 % % % % 11,460 June % % % % 11,340 < Required A Required B >

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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