Please explain proper steps by Step and Do Not Give Solution In Image Format ? And Fast Answering Please ? One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information fromthe plant for the most recent two years:Sales revenueCostsRedesign manufacturing processDiscard defective batchesCleanup toxic spillsWarranty claimsProduct liability claimsReworkPreventive maintenanceBatch testingTraining on equipmentYear 1$ 757,000$ 2,9903,89025, 19013,09020, 2907,39011,59030,39019, 190Year 2$ 1,197,000$ 5,6906,69031,69026,59023,29014,59022,99026,59029, 890Required:Construct a cost of quality report for year 1 and year 2.Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1). Required:Construct a cost of quality report for year 1 and year 2.Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).Sales revenuePrevention:Total prevention costsAppraisal:Internal failure:Total internal failure costsExternal failure:Total external failure costsTotal costs of qualityCAMELY CHEMICALSCost of Quality Report(Percentages are Rounded)Year 1$$$$0000%$$$0.0 $Year 20000%0.0

A cost of quality report is a document that outlines the expenses associated with producing a…

One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Year 1 Year 2 $ 757,000 $ 1,197,000 $ 2,990 $ 5,690 3,890 6,690 25, 190 31,690 11 13,090 26,590 20, 290 23, 290 7,390 14,590 11,590 22,990 30,390 26,590 19, 190 29,890 Required: Construct a cost of quality report for year 1 and year 2. Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).

One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Year 1 Year 2 $ 757,000 $ 1,197,000 $ 2,990 $ 5,690 3,890 6,690 25, 190 31,690 11 13,090 26,590 20, 290 23, 290 7,390 14,590 11,590 22,990 30,390 26,590 19, 190 29,890 Required: Construct a cost of quality report for year 1 and year 2. Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).

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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