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What would be the total internal failure cost appearing on the quality cost report?

What would be the total internal failure cost appearing on the quality cost report?

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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A Company's quality cost report is to be based on the following data: Quality circles - $ 12,000 Product recalls - $ 24,000 Supplies used in testing and inspection - $ 87,000 Net cost of scrap - $ 59,000 Liability arising from defective products = $ 38,000 Re-entering data because of keying errors = $ 65,000 Debugging manufacturing software errors after installation - $ 19,000 Test and inspection of incoming materials = $ 65,000 Quality data gathering, analysis, and reporting $ 55,000 Net cost of spoilage = $5,000 What would be the total internal failure cost appearing on the quality cost report? O $89,000 O $143,000 O $148,000 O $62,000
Transcribed Image Text:A Company's quality cost report is to be based on the following data: Quality circles - $ 12,000 Product recalls - $ 24,000 Supplies used in testing and inspection - $ 87,000 Net cost of scrap - $ 59,000 Liability arising from defective products = $ 38,000 Re-entering data because of keying errors = $ 65,000 Debugging manufacturing software errors after installation - $ 19,000 Test and inspection of incoming materials = $ 65,000 Quality data gathering, analysis, and reporting $ 55,000 Net cost of spoilage = $5,000 What would be the total internal failure cost appearing on the quality cost report? O $89,000 O $143,000 O $148,000 O $62,000
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