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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1. The total failure cost is?
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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