Financial And Managerial Accounting
15th Edition
ISBN: 9781337902663
Author: WARREN, Carl S.
Publisher: Cengage Learning,
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Textbook Question
Chapter 27, Problem 1CMA
Leese Inc. has the following quality financial data for its most recent fiscal year.
The total amount of prevention costs that should be reported in a cost of quality report for the year is:
- a. $390,000.
- b. $450,000.
- c. $690,000.
- d. $755,000.
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How do you conclude calculating measuring quality cost to a percentage for the total cost of quality. Percentage cost $357,000. appraisal cost $445,000
internal failure cost $779,000
external failure cost $1,100,00.
For the year ending December 31, 2022, Concord Company accumulates the following data for the Plastics Division, which it operates
as an investment center: contribution margin-$612,950 budget, $622,669 actual; controllable fixed costs-$302,000 budget,
$305,500 actual. Average operating assets for the year were $2,073,000.
Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022.
(Round ROI to 1 decimal place, e.g. 1.5%.)
CONCORD COMPANY
Plastics Division
Responsibility Report
For the Year Ended December 31, 2022
Budget
Actual
Contribution Margin
$
$
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Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it
operates as a profit center: sales-$2,062,700 budget, $2,288,100 actual; variable costs-$1,000,900 budget, $1,055,500 actual; and
controllable fixed costs-$299,000 budget, $303,900 actual.
Prepare a responsibility report for the Water Division for the year ending December 31, 2020.
TORRES COMPANY
Water Division
Responsibility Report
For the Year Ended December 31, 2020
Chapter 27 Solutions
Financial And Managerial Accounting
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