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Category > Accounting Posted 03 May 2017 My Price 15.00

Wilmington Company reported sales of $6,000,000 per year

During 2007 and 2008, Wilmington Company reported sales of $6,000,000 per year. Wilmington listed the following quality costs for the past two years. Assume that all changes in the quality costs are due to a quality-improvement program.

 

 

2007

2008

Design review

$ 150,000

$ 300,000

Recalls

200,000

100,000

Reinspection

100,000

50,000

Materials inspection

60,000

40,000

Quality training

40,000

100,000

Process  acceptance

—

50,000

Scrap

145,000

35,000

Lost sales (estimated)

300,000

200,000

Product inspection

50,000

30,000

Returned goods

     155,000

       95,000

Total

$1,200,000

$1,000,000

Required

 

 

1.    Prepare a quality cost report for each year (2007 and 2008). What does this report tell management?

2.    Calculate the relative distribution of quality costs by category for each year. What message does this communicate to management?

 

Answers

Alpha Geek
(8)
Status NEW Posted 03 May 2017 03:05 PM My Price 15.00

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Attachments

file 1493825273-1404413_1_636293329575470833_1404413.xlsx preview (508 words )
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