Question
In: Accounting
Discuss the impact of quality control on product quality, on production cost, and product pricing
Discuss the impact of quality control on product quality, on production cost, and product pricing
Solutions
Expert Solution
Product quality
It is the main characteristic regarding any product sales and manufacturing
product quality control
It refers that inspecting the quality of product in many aspects
i.e. physical appearance, raw material used, process of manufacturing ex. Automated process or manual process
Impact of product quality control on product quality
It has direct impact on the product of quality control increases then quality incresesiin all above mention aspects
Impact of product quality control on product cost
It has direct impact on cost due to increases in control involves increase in working time on product so automatically cost of product increases
Impact of product quality control on product pricing
It also has direct impact as we discussed above quality control increases cost of product if cost increases then with an adding profit automatically price of product increases
Hence, product quality control shows a direct impact on the all given aspects i.e product quality, product cost, product pricing.
ekkarill92 answered 2 months agoRelated Solutions
Critically discuss the elements of Quality Control with reference to both ISQC 1 Quality control for...
Critically discuss the elements of Quality Control with
reference to both ISQC 1 Quality control for firms that perform
audits and reviews of financial statements, and other assurance and
related services engagements, and ISA 220 Quality control for an
audit of financial statements.
Schedule of Activity Costs Quality Control Activities Activity Cost Product testing $55,000 Assessing vendor quality 26,000...
Schedule of Activity Costs
Quality Control Activities
Activity Cost
Product testing
$55,000
Assessing vendor quality
26,000
Recalls
18,000
Rework
29,000
Scrap disposal
8,000
Product design
30,000
Training machine operators
46,000
Warranty work
12,000
Process audits
22,000
From the provided schedule of activity costs, compute the
percentage of non-value-added activities. Round to one decimal
place.
HTML EditorKeyboard Shortcuts
1. Ways to simplify the tax system in USA? 2. Discuss control the cost of production...
1. Ways to simplify the tax system in USA?
2. Discuss control the cost of production (consider the costs of
raw materials, overhead, and transportation costs).
Mallard Corporation uses the product cost concept of product pricing. Below is cost information for the...
Mallard Corporation uses the product cost concept of product
pricing. Below is cost information for the production and sale of
45,000 units of its sole product. Mallard desires a profit equal to
a 12% rate of return on invested assets of $800,000. Fixed factory
overhead cost $82,000 Fixed selling and administrative costs 45,000
Variable direct materials cost per unit 5.50 Variable direct labor
cost per unit 7.65 Variable factory overhead cost per unit 2.25
Variable selling and administrative cost per...
1. Discuss the importance of product quality and explain how to use product quality to create...
1. Discuss the importance of product quality and explain how
to use product quality to create value for customers?
2. Discuss why say Packaging is a silent salesman? Please
select two brands in two different categories to analyze this
statement?
3. Explain why in order to develop a new product successfully,
companies must revolve around consumers based on a collective and
systematic effort?
Select a product currently sold by your company and discuss if the pricing of that product...
Select a product currently sold by your company and discuss if
the pricing of that product has a high or low elasticity of demand.
If this is not possible, select a product with which you are
familiar and evaluate the price elasticity of that product in the
current market. Please need 750 word paper
MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The...
MyPhone, Inc. uses the product cost method of applying the
cost-plus approach to product pricing. The costs of producing and
selling 5,380 cell phones are as follows:
Variable costs per unit:
Fixed costs:
Direct materials
$64
Factory overhead
$198,000
Direct labor
31
Selling and administrative expenses
71,300
Factory overhead
23
Selling and administrative expenses
21
Total variable cost per unit
$139
MyPhone desires a profit equal to a 16% rate of return on
invested assets of $600,700.
a. Determine the...
MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The...
MyPhone, Inc. uses the product cost method of applying the
cost-plus approach to product pricing. The costs of producing and
selling 5,380 cell phones are as follows:
Variable costs per unit:
Fixed costs:
Direct materials
$64
Factory overhead
$198,000
Direct labor
31
Selling and administrative expenses
71,300
Factory overhead
23
Selling and administrative expenses
21
Total variable cost per unit
$139
MyPhone desires a profit equal to a 16% rate of return on
invested assets of $600,700.
a. Determine the...
RooPhone Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The...
RooPhone Inc. uses the product cost concept of
applying the cost-plus approach to product pricing. The costs of
producing and selling 5,000 units of cellular phones are as
follows: (7 points)
Variable
costs Fixed
Costs:
Direct materials
$625,000 Factory
overhead $215,000
Direct
labor 225,000 Selling
& Admin.
expenses
75,000
Factory
Overhead
200,000
Selling & admin. Exp. 150,000
$1,200,000
RooPhone desires a profit equal to a 18% rate of return on
invested assets of $550,000.
Required:
a.) Determine the amount of desired profit.
b.) Determine...
RooPhone Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The...
RooPhone Inc. uses the product cost concept of applying the
cost-plus approach to product pricing. The costs of producing and
selling 5,000 units of cellular phones are as follows: (7 points)
Variable costs Fixed Costs: Direct materials $625,000 Factory
overhead $215,000 Direct labor 225,000 Selling & Admin.
expenses 75,000 Factory Overhead 200,000 Selling & admin. Exp.
150,000 $1,200,000 RooPhone desires a profit equal to a 18% rate of
return on invested assets of $550,000. Required: a.) Determine the
amount of...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- The water-gas shift reaction (CO + H2O à CO2 + H2) occurs in a series of...
- A potential difference of 3.60 V will be applied to a 33.00 m length of 18-gauge...
- Baur Company has 21,000 shares of $10 par value, 8% preferred stock and 500,000 shares of...
- Discuss in detail how budgeting relates to variance analysis.
- If 250 g of water is heated by 6 K during the experiment and the water-mass...
- What were some of the Maya’s architectural and mathematical contributions. Be specific. What was the black...
- SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive...
ADVERTISEMENT