Quality data gathering, analysis, and reporting et cost of spoilage Re-entering data because of keying errors Test and inspection of in-process goods Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems $ 66,900 $ 59,500 $ 26,100 $ 15,800 $ 40,000 $ 40,600 $ 39,400 $ 63,800

Quality data gathering, analysis, and reporting et cost of spoilage Re-entering data because of keying errors Test and inspection of in-process goods Final product testing and inspection Statistical process control activities Returns arising from quality problems Downtime caused by quality problems $ 66,900 $ 59,500 $ 26,100 $ 15,800 $ 40,000 $ 40,600 $ 39,400 $ 63,800

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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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: Question Content Areaa. Identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. Quality Control Activities Activity Cost Quality Cost Classification Value-Added/Non-Value-AddedClassificationBilling error correction $42,800 External failure Non-value-addedCable signal testing 117,300 Appraisal Non-value-addedReinstalling service (installed incorrectly the first time) 92,000 Internal failure Non-value-addedRepairing satellite equipment 20,700 Internal failure Non-value-addedRepairing underground cable connections to the customer 27,800 Internal failure Non-value-addedReplacing old technology cable with higher quality cable 142,000 Appraisal Value-addedReplacing old technology signal switches…
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1. Eliminating a non-value-added activity 2. Determining how much it costs to perform a heart transplant Calculating the cost of inspecting components from an outside supplier 3. 4. Developing and using a budgeted income statement for a division Eliminating the need to inspect by improving the quality of prod- ucts and processes 5. Determining whether selling a product at split-off is more prof- itable than processing it further before selling it 6. 7. Calculating the cost of producing an e-book Using a trend report on quality costs to assess the effectiveness of a quality improvement program 8. 9. Determining the units that must be sold to break even 10. Calculating the cost to perform a tooth extraction 11. Determining the total cost of moving goods 12. Using JIT purchasing and manufacturing to significantly reduce inventories 13. Using unit product cost to help develop a bid price Required: Classify the above actions as being associated with one of the following ob- jectives of a…
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Cost of Quality Report A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms $167,400 Processing lost customer reservations 55,800 Rework incorrectly prepared room service meal 223,200 Employee training 111,600 Total $558,000 Sales are $3,100,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Cost of Quality Report Quality CostClassification Quality Cost Percent of TotalQuality Cost Percent ofTotal Sales Prevention $fill in the blank 1 fill in the blank 2% fill in the blank 3% Appraisal fill in the blank 4 fill in the blank 5% fill in the blank 6% Internal failure fill in the blank 7 fill in the blank 8% fill in the blank 9% External failure fill in the blank 10 fill in the blank 11% fill in the blank 12% Total $fill in the blank 13 fill in the blank 14% fill in the blank 15%
pick the support of the product manager and president. Also provide the reasons from the dropdown
Required information Problem 9-62 and 9-63 (Algo) Cain Components manufactures and distributes various plumbing products used in homes and other buildings. Over time, the production staff has noticed that products they considered easy to make were difficult to sell at margins considered reasonable, while products that seemed to take a lot of staff time were selling well despite recent price increases. A summer intern has suggested that the cost system might be providing misleading information. The controller decided that a good summer project for the intern would be to develop, in one self-contained area of the plant, an alternative cost system with which to compare the current system. The intern identified the following cost pools and, after discussion with some plant personnel, appropriate cost drivers for each pool. There were: Cost Pools Costs Activity Drivers Receiving $ 600,000 Direct material cost Manufacturing 5,500,000 Machine-hours Machine setup 900,000…
I. Activity Costs Caused by Suppliers (testing failures and reordering as a result) Activity Costs Testing components $1,200,000 Reordering components 300,000 II. Supplier Data Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit purchase price $10 $26 $12 $28 Units purchased 120,000 81,700 15,000 15,000 Failed tests 1,300 780 10 10 Number of reorders 60 40 0 0 Required: Determine the cost of each supplier by using ABC. Round Test and Reorder rates to the nearest dollar, and final answers to the nearest cent. Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit cost: $fill in the blank $fill in the blank $fill in the blank $fill in the blank