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Exercise : Quality Cost Report
Kang Company reported sales of $3,240,000 in 2015. At the end of the calendar year, the following quality costs were reported:
Design review $162,000
Recalls 54,000
Reinspection 27,000
Materials inspection 21,600
Quality training 54,000
Process acceptance 27,000
Scrap 18,900
Lost sales 108,000
Product inspection 16,200
Returned goods 51,300
Prepare a quality cost report. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79".
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