Quality Cost Report Kang Company reported sales of $3,240,000 in 20x5. At the end of the calendar year, the following quality costs were reported: Design review $162,000 Recalls 54,000 Reinspection 27,000 Materials inspection 21,600 Quality training 54,000 Process acceptance 27,000 Scrap 18,900 Lost sales 108,000 Product inspection 16,200 Returned goods 51,300 Required: Question Content Area 1. Prepare a quality cost report. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79". Kang CompanyQuality Cost ReportFor the Year Ended December 31, 20x5 Quality Costs Total Quality Cost Percentage of Sales Prevention costs: $- Select - - Select - $- Select - - Select -% Appraisal costs: $- Select - - Select - - Select - - Select - - Select - Internal failure costs: $- Select - - Select - - Select - - Select - External failure costs: $- Select - - Select - - Select - - Select - - Select - Total quality costs $fill in the blank 5366720cbf8604a_29 fill in the blank 5366720cbf8604a_30%
Quality Cost Report Kang Company reported sales of $3,240,000 in 20x5. At the end of the calendar year, the following quality costs were reported: Design review $162,000 Recalls 54,000 Reinspection 27,000 Materials inspection 21,600 Quality training 54,000 Process acceptance 27,000 Scrap 18,900 Lost sales 108,000 Product inspection 16,200 Returned goods 51,300 Required: Question Content Area 1. Prepare a quality cost report. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79". Kang CompanyQuality Cost ReportFor the Year Ended December 31, 20x5 Quality Costs Total Quality Cost Percentage of Sales Prevention costs: $- Select - - Select - $- Select - - Select -% Appraisal costs: $- Select - - Select - - Select - - Select - - Select - Internal failure costs: $- Select - - Select - - Select - - Select - External failure costs: $- Select - - Select - - Select - - Select - - Select - Total quality costs $fill in the blank 5366720cbf8604a_29 fill in the blank 5366720cbf8604a_30%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Quality Cost Report
Kang Company reported sales of $3,240,000 in 20x5. At the end of the calendar year, the following quality costs were reported:
| Design review | $162,000 |
| Recalls | 54,000 |
| Reinspection | 27,000 |
| Materials inspection | 21,600 |
| Quality training | 54,000 |
| Process acceptance | 27,000 |
| Scrap | 18,900 |
| Lost sales | 108,000 |
| Product inspection | 16,200 |
| Returned goods | 51,300 |
Required:
Question Content Area
1. Prepare a quality cost report. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79".
| Quality Costs | Total Quality Cost | Percentage of Sales | |
| Prevention costs: | |||
|
|
$- Select - | ||
|
|
- Select - | $- Select - | - Select -% |
| Appraisal costs: | |||
|
|
$- Select - | ||
|
|
- Select - | ||
|
|
- Select - | - Select - | - Select - |
| Internal failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select - |
| External failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | ||
|
|
- Select - | - Select - | - Select - |
| Total quality costs | $fill in the blank 5366720cbf8604a_29 | fill in the blank 5366720cbf8604a_30% |
Question Content Area
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