Problem 12-7 (Algo) The following table lists all costs of quality incurred by Sam’s Surf Shop last year. Annual inspection costs $ 266,000 Annual cost of scrap materials 477,000 Annual rework cost 225,679 Annual cost of quality training 647,000 Annual warranty cost 1,927,000 Annual testing cost 673,000   What was Sam’s appraisal cost for quality last year?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Problem 12-7 (Algo) The following table lists all costs of quality incurred by Sam’s Surf Shop last year. Annual inspection costs $ 266,000 Annual cost of scrap materials 477,000 Annual rework cost 225,679 Annual cost of quality training 647,000 Annual warranty cost 1,927,000 Annual testing cost 673,000

 

What was Sam’s appraisal cost for quality last year?

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