Preventive maintenanceLegal expense for warranty claimsMaterials inspectionRequired:a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs.b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June.Required A Required BComplete this question by entering your answers in the tabs below.PreventionAppraisalInternal failureExternal failure16,3807,98011,460Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June.Note: Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).May%%%%June8,7304,50011,340%%%%< Required ARequired B >+ The following represents the financial information for Plaza Plastics for May and June:June$636,000Sales revenueCostsScrapProcess inspectionQuality trainingProduct testing equipmentField testingWarranty repairsReworkPreventive maintenanceLegal expense for warranty claimsMaterials inspectionRequired A Required BPreventionMay$ 843,000%$ 2,1603,04023,940Required:a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs.b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June.June5,3408,5803,540Complete this question by entering your answers in the tabs below.%19,94016,3807,98011,460Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June.Note: Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).May$ 1,8701,92011,8804,5006,4803,24016,8308,7304,50011,340

Prevention cost refers to the cost incurred by a company or organization to prevent defects or…

Materials inspection Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Required A Required B Complete this question by entering your answers in the tabs below. Prevention Appraisal Internal failure External failure Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Note: Round your percentage answers to 1 decimal place (i.e., .321 as 32.1). May % % % % 11,460 June % % % % 11,340 < Required A Required B >

Materials inspection Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Required A Required B Complete this question by entering your answers in the tabs below. Prevention Appraisal Internal failure External failure Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Note: Round your percentage answers to 1 decimal place (i.e., .321 as 32.1). May % % % % 11,460 June % % % % 11,340 < Required A Required B >

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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a. Beginning cash balance on March 1, $73,000. b. Cash receipts from sales, $309,000. c. Cash payments for direct materials, $137,000. d. Cash payments for direct labor, $70,000. e. Cash payments for overhead, $42,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $110o (1% of beginning loan balance of $11,000) h. Cash repayment of loan, $11,00o. Prepare a cash budget for March for Gado Company. GADO COMPANY Cash Budget March Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month
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The fellowing information han been taken from the accounting reerd ef ABC Company for last year Selling espensen Raw Mat's Iav. Jan. Raw Mar's lav. Dec. JI Lities. Factery Direct Labor Cost IS,000 162.000 Depa. Factery Purchases. Raw Mat'h. HL000 4000 Sales laseranee, Factery Supplies. Factery Admin, Expenes Indirect Laber Maistenane, Fartery WIP INV.Jan. I WIP INV. Dee. 31 Finished Goods las. Jan 2e Finished Goods lav. Dec. 31 21000 27 Requiredi 1. Prepare a schedule of cust of goods manufactured. 1. Compute the cont of goeds d. J. Using the dataerded frem ()and (2k prepare an Income Statement.
Prepare a schedule of 15 The owner of a small mining supply company has requested a cash budget é After examining the records or the company, you find the following: ch Budget ust. a. Cash balance on June 1 is $345. b. Actual sales for April and May are requires develope Overh prod April Мay Cash sales Credit sales Mai $ 10,000 25,000 $35,000 Pov $15,000 25,000 Inc Re Total sales $40,000 c. Credit sales are collected over a three-month period: 50 percent in the month of sale, 30 percent in the second month, and 15 percent in the third month. The sales collected in the third month are subject to a 1.5 percent late fee, but only half of the affected customers pay the late fee, and the owner does not think it ie worth his while to try to collect from the other half. The remaining sales are Requ 1. L 2. uncollectible. d. Inventory purchases average 60 percent of a month's total sales. Of those pur- chases, 40 percent are paid for in the month of purchase. The remaining 60 per- cent are…