Prepare a cost of quality report

Assignment Help Accounting Basics
Reference no: EM132977011

Question - The following costs were incurred by Valley Fabrications Ltd to maintain the quality of its products during April

Operating an X-ray machine to detect faulty welds, 55400. Repairs to faulty products retumed by customers, $6000

Cost of rewelding faulty joints discovered during processing, $3800 - Cost of sending machine operators to a three-week quality training program $5800

Cost of recalling faulty products, $10 000

Legal fees related to product recall, $1800

Product inspection into finished goods warehouse, $3400. Cost to confirm a supplier's quality accreditation, $600

Cost of faulty goods that were scrapped, $8400

Required -

1. Prepare a cost of quality report.

2. Comment on the relative proportions of each of the four categories of quality costs.

Reference no: EM132977011

Questions Cloud

What are the economic benefits of fedex : Federal Express enters into contracts with independent truck operators who offer FedEx service and who are rewarded by the volume of packages they carry.
How much is the balance of investment : Harrison distributed a dividend of 2 per share during the year and reported net income of 560,000. How much is the balance of investment
List at least three possible alternative solutions : You have just completed a grueling 10-day business trip calling on two dozen accounts in Latin America. There were even business meetings combined with social e
Find out the expected value : You recently made a decision at work. The firm was in a difficult position and you had to choose between two unpleasant options. Option 1 had a 25% chance of su
Prepare a cost of quality report : Product inspection into finished goods warehouse, $3400. Cost to confirm a supplier's quality accreditation, $600. Prepare a cost of quality report
Explain the net present value : Suppose you own a successful real-estate flipping business, where you buy properties, fix them up and resell them. You usually flip houses, but occasionally hav
Generate a schedule showing total product : -The owner of a car wash is trying to decide on the number of people to employ based on the following short-run production function: Q = 6L - 0.5L2
Describe a core requirement of the program : Understanding of and ability to apply the programming concepts we have covered in the unit so far, including the usage of variables, input and output, data type
Explain the components of the conceptual framework : List and explain the components of the conceptual framework for financial reporting in accounting. Explain the purpose and importance of conceptual framework

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write audit objectives that will be followed during audit

Knowing that the Bovar Company's audit will include the inventory cycle, you want to plan for the audit by setting the audit objectives. For this assignment.

  Company three operating segments

What are the Company's three operating segments?

  What was the total amount of the company merchandise

Haan Inc. is a merchandising company. Last month the company's cost of goods sold was $66,500. The company's beginning merchandise inventory was $12,900 and its ending merchandise inventory was $17,200. What was the total amount of the company's m..

  Direct materials used in the production of services

1. Calculate the direct materials used in the production of services. 2. Prepare a statement of cost of services sold.

  President is so concerned with the amount of assets reported

Thinking back to Chapter 1, why do you think the president is so concerned with the amount of assets reported on the balance sheet? What accounting concept introduced in Chapter 2 relates to the president's first suggestion to report Intellectual Abi..

  Compute the current break-even point in units

Complete the following: Compute the current break-even point in units, and compare it to the break-even point in units if Mary's ideas are used.

  Describe the three key categories of benchmarking

Describe the three key categories of benchmarking identified in the lecture and explain how a fast food outlet could use each type

  What should the balance of the long service leave provision

The inflation rate for the foreseeable future is 2 per cent. Based on the information provided, what should the balance of long service leave provision account

  Differential delivery cost per month for expanding

It is futher estimated that the home delivery use of the trucks would be allocated 45% of the existing $6,500 fixed vehicle costs. What is the differential delivery cost per month for expanding into the home delivery market?

  What is the loss absorption power with respect to joe

Notes Payable to Scott and a P20,000 Notes receivable from Ed. When the liquidation begins, what is the loss absorption power with respect to Joe?

  Maple company owns a machine adjusted basis of 90000 fair

maple company owns a machine adjusted basis of 90000 fair market value of 125000 that is uses in its business. maple

  How much did sam borrow

Sam has a loan that requires a single payment of $4,000 at the end of 3 years. The loan's interest rate is 6%, compounded semiannually. How much did Sam borrow? A) $3,358.40 B) $4,000.00 C) $3,660.40 D) $4,776.40 E) $3,350.00

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd