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Compute the current year internal and external failure costs

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Reference no: EM133186107

Question - At the beginning of the year, VEP Company initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To help assess the impact of the quality improvement program, the following data were collected for the current year:

Sales 2,500,000

Quality training 40,000

Material inspections 25,000

Scrap 55,000

Rework 36,000

Product inspection 41,000

Product warranty 120,000

Required - Listed below are the requirements for this data set. Fill your answers in the next three questions.

1. Compute the current year prevention costs.

2. Compute the current year appraisal costs.

3. Compute the current year internal and external failure costs.

Reference no: EM133186107

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