Problem 12-7The following table lists all costs of quality incurred by Sam's Surf Shop last year.$ 175,000366,000Annual inspection costsAnnual cost of scrap materialsAnnual rework costAnnual cost of quality trainingAnnual warranty costAnnual testing cost114,679536,0001,706,000540,000What was Sam's appraisal cost for quality last year?Appraisalcost480,000

Appraisal costs are fees a company pays to detect defects in its products ahead of delivering them…

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Business

Accounting

What was Sam's appraisal cost for quality last year? Annraisal

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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Question

Problem 12-7
The following table lists all costs of quality incurred by Sam's Surf Shop last year.
$ 175,000
366,000
Annual inspection costs
Annual cost of scrap materials
Annual rework cost
Annual cost of quality training
Annual warranty cost
Annual testing cost
114,679
536,000
1,706,000
540,000
What was Sam's appraisal cost for quality last year?
Appraisal
cost
480,000

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