Question

In: Accounting

The following represents the financial information for Domingo Corporation for two months. March April Sales revenue...

The following represents the financial information for Domingo Corporation for two months.

March

April

Sales revenue

$

504,000

$

468,000

Costs

Process inspection

$

4,250

$

4,480

Scrap

2,500

2,580

Quality training

22,400

15,600

Warranty repairs

8,200

8,700

Product testing equipment

8,300

8,300

Customer complaints

4,750

5,350

Rework

18,300

25,000

Preventive maintenance

16,100

12,100

Materials inspection

9,100

7,400

Field testing

12,000

15,000

Required:

Construct a cost of quality report for March and April. (Input all amounts as positive values. Round percentage answers to 1 decimal place (i.e., 32.1).)

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

The following represents the financial information for Domingo Corporation for two months. March April Sales revenue...
The following represents the financial information for Domingo Corporation for two months. March April Sales revenue $ 480,000 $ 430,000 Costs Process inspection $ 1,650 $ 1,850 Scrap 1,940 1,850 Quality training 20,300 12,300 Warranty repairs 4,400 5,000 Product testing equipment 6,600 7,300 Customer complaints 2,700 3,400 Rework 17,000 17,000 Preventive maintenance 14,700 8,800 Materials inspection 5,800 4,400 Field testing 9,400 14,300 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio...
The following represents the financial information for Domingo Corporation for two months. March April Sales revenue...
The following represents the financial information for Domingo Corporation for two months. March April Sales revenue $ 540,000 $ 430,000 Costs Process inspection $ 1,500 $ 1,840 Scrap 1,940 1,870 Quality training 19,500 13,500 Warranty repairs 4,200 5,100 Product testing equipment 6,600 7,100 Customer complaints 2,900 3,100 Rework 16,000 19,500 Preventive maintenance 12,700 10,200 Materials inspection 7,400 5,000 Field testing 8,600 11,600 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. The following represents the...
The following represents the financial information of Fabriz Corporation, a manufacturer of electronic components, for two...
The following represents the financial information of Fabriz Corporation, a manufacturer of electronic components, for two months: March April Sales 540,000 500,000 Costs: Process inspection        4,400        3,960 Scrap        3,900        4,860 Quality training     37,800     31,000 Warranty repairs        9,200        9,800 Testing equipment     16,000     16,000 Customer complaints        8,200        7,800 Rework     36,000     47,000 Preventive maintenance     30,000     20,000 Materials inspection     15,000     10,200 Field testing     19,200    ...
Joshua Studios expects the following sales in March, April and May: Sales $ Purchases $ March...
Joshua Studios expects the following sales in March, April and May: Sales $ Purchases $ March 240,000 180,000 April 250,000 210,000 May 300,000 225,000 The controller has determined that the company collects sales in the following pattern: 30% in the month of sale, 50% in the first month after sale, 10% in the second month after sale, and 10% uncollectable. Based on the agreed terms of trade with suppliers, 40% of purchases are expected to be paid in the month...
Adams Company’s cost and production data for two recent months included the following: March April Production...
Adams Company’s cost and production data for two recent months included the following: March April Production (units) 300 600 Rent $ 1,700 $ 1,700 Utilities $ 400 $ 800 Required Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. Identify which cost is variable and which is fixed. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2...
Required information Ruiz Co. provides the following sales forecast for the next four months:     April...
Required information Ruiz Co. provides the following sales forecast for the next four months:     April May June July Sales (units) 660 740 690 780 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 264 units. Assume July's budgeted production is 690 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end each...
DeLuxe Limo Service has the following information for March. Sales revenue $ 310,000 Variable costs of...
DeLuxe Limo Service has the following information for March. Sales revenue $ 310,000 Variable costs of operations, excluding labor costsa 93,000 Employee wages and salariesb 106,000 Manager salariesc 38,000 Fixed cost of automobilesd 31,000 Building costs (rent, utilities, etc.)e 18,500 a 5 percent of this cost was wasted due to poor directions given to limo drivers. b 5 percent of this cost was for time spent by limo drivers because of poor directions. c 10 percent of this cost was...
The following table information represents the financial statements for the Genatron Manufacturing Corporation for the years...
The following table information represents the financial statements for the Genatron Manufacturing Corporation for the years 2013 and 2014: Selected Balance Sheet Information: Category 2013 2014 Cash $50,000 $40,000 Accounts receivable 200,000 260,000 Inventory 450,000 500,000 Total current assets $700,000 $800,000 Bank loan, 10% $90,000 $90,000 Accounts Payable 130,000 170,000 Accruals 50,000 70,000 Total current liabilities $270,000 $330,000 Long-term debt, 12% 300,000 400,000 Selected Income Statement Information: Category 2013 2014 Net sales $1,300,000 $1,500,000 Cost of goods sold 780,000 900,000...
The Boswell Corporation forecasts its sales in units for the next four months as follows:   March...
The Boswell Corporation forecasts its sales in units for the next four months as follows:   March 16,000   April 18,000   May 15,500   June 14,000 Boswell maintains an ending inventory for each month in the amount of three times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $8 per unit and are paid for in the month after production. Labour cost is $12 per unit and is paid for in...
The following information is from Tejas WindowTint’s financial records. Month Sales Purchases April $ 72,000 $...
The following information is from Tejas WindowTint’s financial records. Month Sales Purchases April $ 72,000 $ 48,000 May 68,000 48,000 June 62,000 36,000 July 81,000 54,000 Collections from customers are normally 69 percent in the month of sale, 19 percent in the month following the sale, and 11 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT