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Question 1 Consider the following quality cost report: Prevention costs Appraisal costs Internal failure costs External failure costs Total quality

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Consider the following quality cost report:

Q1 Q2 Q3 Q4
Prevention costs $510 $754 $650 $570
Appraisal costs $440 $455 $383 $266
Internal failure costs $355 $318 $236 $179
External failure costs $735 $632 $336 $256
Total quality costs $2,040 $2,159 $1,605 $1,271
Total revenues $8,240 $9,080 $9,300 $9,020

Do you believe this firm’s quality initiatives have been successful? Be sure to justify your opinion with specific information.









Consider the following information:
Q1 Q2
Beginning inventory (units) 200 400
Budgeted units to be produced 5,000 5,000
Actual units produced A H
Units sold B 5,100
Variable manufacturing costs per unit produced $150 $150
Variable marketing costs per unit sold $35 $35
Fixed manufacturing costs $750,000 $750,000
Fixed marketing costs $160,000 $160,000
Selling price per unit $400 $400
Variable costing operating income C $186,500
Absorption costing operating income D I
Variable costing beginning inventory $30,000 $60,000
Absorption costing beginning inventory $60,000 $120,000
Variable costing ending inventory E $15,000
Absorption costing ending inventory F J
PVV ($75,000) $30,000
Allocated fixed manufacturing costs G $720,000

There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.

Complete the missing figures from the above Table.

Q1 Q2
A H
B I
C J
D
E
F
G


Question 1 Consider the following quality cost report: Q1 Q2 Q3 Q4 Prevention costs $510 $754 $650 $570 Appraisal costs $440 $455 $383 $266 Internal failure costs $355 $318 $236 $179 External failure costs $735 $632 $336 $256 Total quality costs $2,040 $2,159 $1,605 $1,271 Total revenues $8,240 $9,080 $9,300 $9,020 Do you believe this firm’s quality initiatives have been successful? Be sure to justify your opinion with specific information. Question 2 Consider the following information: Q1 Q2 Beginning inventory (units) 200 400 Budgeted units to be produced 5,000 5,000 Actual units produced A H Units sold B 5,100 Variable manufacturing costs per unit produced $150 $150 Variable marketing costs per unit sold $35 $35 Fixed manufacturing costs $750,000 $750,000 Fixed marketing costs $160,000 $160,000 Selling price per unit $400 $400 Variable costing operating income C $186,500 Absorption costing operating income D I Variable costing beginning inventory $30,000 $60,000 Absorption costing beginning inventory $60,000 $120,000 Variable costing ending inventory E $15,000 Absorption costing ending inventory F J PVV ($75,000) $30,000 Allocated fixed manufacturing costs G $720,000 There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs. Complete the missing figures from the above Table.
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Q1 Q2 A H B I C J D E F G
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Question 1
Consider the following quality cost report: Prevention costs
Appraisal costs
Internal failure costs
External failure costs
Total quality costs
Total revenues Q1
$510
$440
$355
$735...

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