Quality Cost Report Evans Company had total sales of $1,500,000 for fiscal 20x5. The costs of quality-related activities are given below. Returns/allowances $90,000 Design changes 82,500 Prototype inspection 4,500 Downtime 112,500 Quality circles 4,500 Packaging inspection 3,000 Field testing 4,500 Complaint adjustment 105,000 Required: Question Content Area 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8". Evans CompanyQuality Cost ReportFor the Year Ended 20x5 Quality Costs Total Percentage of Sales Prevention costs: $- Select - - Select - $- Select - - Select -% Appraisal costs: $- Select - - Select - - Select - - Select - Internal failure costs: $- Select - - Select - - Select - - Select - External failure costs: $- Select - - Select - - Select - - Select - Total quality costs $fill in the blank 58472afdbf9afe5_25 fill in the blank 58472afdbf9afe5_
Quality Cost Report Evans Company had total sales of $1,500,000 for fiscal 20x5. The costs of quality-related activities are given below. Returns/allowances $90,000 Design changes 82,500 Prototype inspection 4,500 Downtime 112,500 Quality circles 4,500 Packaging inspection 3,000 Field testing 4,500 Complaint adjustment 105,000 Required: Question Content Area 1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8". Evans CompanyQuality Cost ReportFor the Year Ended 20x5 Quality Costs Total Percentage of Sales Prevention costs: $- Select - - Select - $- Select - - Select -% Appraisal costs: $- Select - - Select - - Select - - Select - Internal failure costs: $- Select - - Select - - Select - - Select - External failure costs: $- Select - - Select - - Select - - Select - Total quality costs $fill in the blank 58472afdbf9afe5_25 fill in the blank 58472afdbf9afe5_
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter13: Emerging Topics In Managerial Accounting
Section: Chapter Questions
Problem 28BEB: Quality Cost Report Loring Company had total sales of 2,400,000 for fiscal 20X1. The costs of...
Related questions
Question
Quality Cost Report
Evans Company had total sales of $1,500,000 for fiscal 20x5. The costs of quality-related activities are given below.
| Returns/allowances | $90,000 |
| Design changes | 82,500 |
| Prototype inspection | 4,500 |
| Downtime | 112,500 |
| Quality circles | 4,500 |
| Packaging inspection | 3,000 |
| Field testing | 4,500 |
| Complaint adjustment | 105,000 |
Required:
Question Content Area
1. Prepare a quality cost report, classifying costs by category and expressing each category as a percentage of sales. Round percentages to one decimal place, when rounding is required. For example, 5.78% would be entered as "5.8".
| Quality Costs | Total | Percentage of Sales | |
| Prevention costs: | |||
|
|
$- Select - | ||
|
|
- Select - | $- Select - | - Select -% |
| Appraisal costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select - |
| Internal failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select - |
| External failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select - |
| Total quality costs | $fill in the blank 58472afdbf9afe5_25 | fill in the blank 58472afdbf9afe5_26% |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning