One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Year 1 $ 715,000 $ 2,850 3,750 25,050 12,950 20,150 7,250 11,450 30,250 19,050 Year 2 $ 1,155,000 $ 5,550 6,550 31,550 26,450 23,150 14,450 22,850 26,450 29,750 Required: Construct a cost of quality report for year 1 and year 2. Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).

One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Year 1 $ 715,000 $ 2,850 3,750 25,050 12,950 20,150 7,250 11,450 30,250 19,050 Year 2 $ 1,155,000 $ 5,550 6,550 31,550 26,450 23,150 14,450 22,850 26,450 29,750 Required: Construct a cost of quality report for year 1 and year 2. Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).

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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