Please do not give solution in image format thanku A Company's quality cost report is to be based on the following data:Quality circles - $ 12,000Product recalls - $ 24,000Supplies used in testing and inspection - $ 87,000Net cost of scrap - $ 59,000Liability arising from defective products = $ 38,000Re-entering data because of keying errors = $ 65,000Debugging manufacturing software errors after installation - $ 19,000Test and inspection of incoming materials = $ 65,000Quality data gathering, analysis, and reporting $ 55,000Net cost of spoilage = $5,000What would be the total internal failure cost appearing on the quality cost report?O $89,000O $143,000O $148,000O $62,000

Internal Failure Costs are one of quality costs and are associated with costs incurred in correcting…

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What would be the total internal failure cost appearing on the quality cost report?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Please do not give solution in image format thanku

A Company's quality cost report is to be based on the following data:
Quality circles - $ 12,000
Product recalls - $ 24,000
Supplies used in testing and inspection - $ 87,000
Net cost of scrap - $ 59,000
Liability arising from defective products = $ 38,000
Re-entering data because of keying errors = $ 65,000
Debugging manufacturing software errors after installation - $ 19,000
Test and inspection of incoming materials = $ 65,000
Quality data gathering, analysis, and reporting $ 55,000
Net cost of spoilage = $5,000
What would be the total internal failure cost appearing on the quality cost report?
O $89,000
O $143,000
O $148,000
O $62,000

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