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Requirement 2. Prepare a COQ Report by calculating the costs of quality for each category and the ratio of each COQ category to revenues and total quality costs. Begin with 2019 costs and ratios, then complete the report with 2020 costs and ratios. (Round percentages to one decimal place, X.X%.)

Requirement 2. Prepare a COQ Report by calculating the costs of quality for each category and the ratio of each COQ category to revenues and total quality costs. Begin with 2019 costs and ratios, then complete the report with 2020 costs and ratios. (Round percentages to one decimal place, X.X%.)

FINANCIAL ACCOUNTING
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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Requirement 2. Prepare a COQ Report by calculating the costs of quality for each category and the ratio of each COQ category to revenues and total quality costs. Begin with 2019 costs and ratios, then complete the report with 2020 costs and ratios. (Round percentages to one decimal place, X.X%.) 2019 % of % of Data Table Total Costs Total COQ Revenue Prevention costs % Annual COQ Report, Adirondack Company Appraisal costs % % Internal failure costs % % 2019 2020 Supplier evaluation $ 6,000 $ 6,200 External failure costs % % Scrap 2$ 8,000 $ 6,000 Total Costs of Quality % % Warranty repair costs $ 9,950 $ 8,050 Design engineering $ 4,270 $ 6,950 Inspection $ 3,600 $ 4,200 Rework $ 8,540 $ 6,200 Total COQ $ 40,360 $ 37,600 Total Revenue $ 450,000 $ 440,000
Transcribed Image Text:Requirement 2. Prepare a COQ Report by calculating the costs of quality for each category and the ratio of each COQ category to revenues and total quality costs. Begin with 2019 costs and ratios, then complete the report with 2020 costs and ratios. (Round percentages to one decimal place, X.X%.) 2019 % of % of Data Table Total Costs Total COQ Revenue Prevention costs % Annual COQ Report, Adirondack Company Appraisal costs % % Internal failure costs % % 2019 2020 Supplier evaluation $ 6,000 $ 6,200 External failure costs % % Scrap 2$ 8,000 $ 6,000 Total Costs of Quality % % Warranty repair costs $ 9,950 $ 8,050 Design engineering $ 4,270 $ 6,950 Inspection $ 3,600 $ 4,200 Rework $ 8,540 $ 6,200 Total COQ $ 40,360 $ 37,600 Total Revenue $ 450,000 $ 440,000
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