Gadsen Company's quality cost report is to be based on the following data: Maintenance of test equipment Quality training Product recalls Quality circles Rework labor and overhead Liability arising from defective products Supervision of testing and inspection activities Re-entering data because of keying errors Supplies used in testing and inspection $ 30,000 $ 99,000 $ 63,000 $ 37,000 $ 54,000 $ 18,000 $ 91,000 $ 65,000 $ 105,000 Required: Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, intern external failure costs.

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Long-Term Performance Report Nabors Company had actual quality costs for the year ended June 30, 20x5, as given below. Prevention costs:      Prototype inspection $ 320,000    Vendor certification 640,000      Total prevention costs $ 960,000 Appraisal costs:      Process acceptance $ 335,000    Test labor 380,000      Total Appraisal costs $ 715,000 Internal failure costs:      Retesting $ 197,500    Rework 395,000      Total internal failure costs $ 592,500 External failure costs:      Recalls $ 389,500    Product liability 532,500      Total external failure costs $ 922,000 Total quality costs $3,189,500 At the zero-defect state, Nabors expects to spend $400,000 on prototype inspection, $80,000 on vendor certification, and $75,000 on process acceptance. Assume sales to be $2,700,000. Required: Question Content Area 1. Prepare a long-range performance report for 20x5. Enter all answers as positive amounts. If the budget variance amount is…