A lean manufacturer reports the following quality costs. Prepare a cost of quality report. Training machine operators Product recalls Scrap of defective products Inspecting finished goods Total Prevention Appraisal Quality Category Internal failure External failure Total cost of quality $ 50,000 20,000 12,000 18,000 $ 100,000 Cost of Quality Report Cost Category Total % of Total Cost of Quality % % % % %

A lean manufacturer reports the following quality costs. Prepare a cost of quality report. Training machine operators Product recalls Scrap of defective products Inspecting finished goods Total Prevention Appraisal Quality Category Internal failure External failure Total cost of quality $ 50,000 20,000 12,000 18,000 $ 100,000 Cost of Quality Report Cost Category Total % of Total Cost of Quality % % % % %

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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E10-3Using variable costing and absorption costing The chief executive officer of Acadia, Inc. attended a conference in which one of the sessions was devoted to variable costing. The CEO was impressed by the presentation and has asked that the following data of Acadia, Inc. be used to prepare comparative statements using variable costing and the company’s absorption costing. The data follow: Direct materials $99,000 Direct labor 126,000 Variable factory overhead 72,000 Fixed factory overhead 171,000 Fixed marketing and administrative expense 211,500 The factory produced 90,000 units during the period, and 78,750units were sold for $787,500. 1.Prepare an income statement using variable costing. 2.Prepare an income statement using absorption costing.(Round unit costs to three decimal places.)
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Cost of Quality and Value-Added/Non-Value-Added Reports for a Service Company Three Rivers Inc. provides cable TV and Internet service to the local community. The activities and activity costs of Three Rivers are identified as follows: a. Identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. Value-Added/ Non-Value-Added Classification Quality Control Activities Billing error correction Cable signal testing Reinstalling service (installed incorrectly the first time) Repairing satellite equipment Repairing underground cable connections to the customer Replacing old technology cable with higher quality cable Replacing old technology signal switches with higher quality switches Responding to customer home repair requests Training employees Total activity cost Activity Cost $35,400 108,800 76,000 34,000 23,000 151,400 173,000 42,400 36,000 $680,000 Quality Cost Classification Max
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1. The total failure cost is?
Solve the word problem for the portion, rate, on base. A quality control process finds 25.6 defects for every 6400 units of production. What percent of the production is defective? 40 Ex %
Question 3 The Buffalo Machine Sdn. Bhd. was evaluating its cost structure relating to quality costs. Below items are the cost of quality in the year 2020. With this allocation of quality costs, the company lost 20% of sales due to poor performance. To improve the situation, the company would like to perform the cost of quality analysis. Items Product Reliability Test Process Quality Assurance Audit Rework Cost Production Inspection Supplier Quality System Audit Defect Repair Cost Market Defect Cost Sampling Inspection Quality Assurance Training Product Warranty Cost Cost/RM 10000 8500 12000 12000 5500 18000 80000 8000 16000 40000 a) Identify the items for prevention, appraisal, and failure costs. b) Compute the ratio of prevention, appraisal, and failure costs to total quality costs. c) Based on the analysis of the cost of quality, recommend the company's actions to improve the product quality.
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35 Hours lost on machine breakdowns clowing the production of goods causing limited customer supplies is a measure he Oa. Customer Perspective O b. Learning and Growth Perspective Oc. Financial Perspective Od. Internal Business Process Perspective