Cost of Quality ReportThis year, Finn Corporation implemented programs designed to assess the costs of quality for the company. However, the company recently suffered a data loss, andsome of its records have been either partially or completely erased. The accounting intern for Finn Corporation has located a copy of a recent cost of quality report,shown as follows, but the quality activity analysis used to create the report has been lost.Finn CorporationCost of Quality ReportPercent of TotalPercent ofQuality Cost ClassificationQuality CostQuality CostTotal SalesPrevention$161,04061%14.6%Appraisal42,240163.8Internal failure34,320133.1External failure26,400102.4Totals$264,000100%24.0%Quality Activity AnalysisAs mentioned on the Cost of Quality Report, Finn Corporation recently suffered a data loss, and some of its records have been lost. After reviewing the Cost of QualityReport, recreate the quality activity analysis in the following table from which the cost of quality report was created.Quality Control ActivitiesActivity CostReworkInspecting incoming raw materialsWarranty workProcess improvement effortTotal activity cost$264,000

Answered: Image /qna-images/answer/c1b0b1fa-52b6-4ca8-bf5f-9ea19ff09d9d.jpg

Answered: recreate the quality activity analysis…

Business

Accounting

recreate the quality activity analysis in the

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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