Question

Computer Company reported sales of $6,701,000 in 2022. At the end of the calendar year, the following quality costs were reported:

Design Review $103,610, Recalls 56,320, Reinspection 32,150, Materials Inspection 48,650, Quality Training 72,900 ,Process Acceptance 35,900 ,Scrap 27,910 Lost Sales 125,675, Product Inspection 15,430, Returned Goods 61,410 . Prepare a quality cost report.

Answer 1

To prepare a quality cost report, gather the costs related to quality from the given information. Calculate the total quality costs by adding up all the individual cost categories. List each cost category and its corresponding amount in the quality cost report.

Step-by-step explanation:

To prepare a quality cost report, we need to gather the costs related to quality. In this case, the quality costs reported by Computer Company are Design Review $103,610, Recalls 56,320, Reinspection 32,150, Materials Inspection 48,650, Quality Training 72,900, Process Acceptance 35,900, Scrap 27,910, Lost Sales 125,675, Product Inspection 15,430, and Returned Goods 61,410.

Next, we will calculate the total quality costs by adding up all the individual cost categories. The total quality costs for Computer Company will be ${{103610+56320+32150+48650+72900+35900+27910+125675+15430+61410}} = ${{103610+56320+32150+48650+72900+35900+27910+125675+15430+61410}}.

The quality cost report for Computer Company in 2022 will show a total quality cost of ${{103610+56320+32150+48650+72900+35900+27910+125675+15430+61410}}. Each cost category can be listed individually along with its corresponding amount.