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mpany's quality cost report is to be based on the following data: Test and inspection of incoming materials Supplies used in testing and inspection Re-entering data because of keying errors Statistical process control activities Technical support provided to suppliers Disposal of defective products 3,5 2,5 3,0 4,1 4,5 3,0

mpany's quality cost report is to be based on the following data: Test and inspection of incoming materials Supplies used in testing and inspection Re-entering data because of keying errors Statistical process control activities Technical support provided to suppliers Disposal of defective products 3,5 2,5 3,0 4,1 4,5 3,0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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MKD Company's quality cost report is to be based on the following data: Test and inspection of incoming materials Supplies used in testing and inspection Re-entering data because of keying errors Statistical process control activities 3,550,000 2,550,000 3,000,000 4,100,000 Technical support provided to suppliers Disposal of defective products Lost sales due to poor quality 4,550,000 3,000,000 4,350,000 Net cost of crap 4,250,000 Warranty repairs and replacements 3,500,000 Required: Prepare a Quality Cost Report in good from with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs
Transcribed Image Text:MKD Company's quality cost report is to be based on the following data: Test and inspection of incoming materials Supplies used in testing and inspection Re-entering data because of keying errors Statistical process control activities 3,550,000 2,550,000 3,000,000 4,100,000 Technical support provided to suppliers Disposal of defective products Lost sales due to poor quality 4,550,000 3,000,000 4,350,000 Net cost of crap 4,250,000 Warranty repairs and replacements 3,500,000 Required: Prepare a Quality Cost Report in good from with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs
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