A manufacturing has collected the following of cost of item. Assign the figures to four cost categories
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A manufacturing has collected the following of cost of item. Assign the figures to four cost categories and present your finding as a percentage of total.
| Items | Cost |
| Scrap | 150,000 |
| Rework and repair | 160,000 |
| Warranty costs | 42,000 |
| Down grading | 62,000 |
| Final inspection | 130,000 |
| Returned material rectification | 110,000 |
| Reprocess inspection | 66,000 |
| Good inward inspection | 54,000 |
| Retest | 56,000 |
| Customer compliant handling | 38,000 |
| quality | 38,000 |
| Product liability claims | 144,000 |
| Vender quality assurance | 44,000 |
| Quality system audit | 26,00 |
| Calibration and maintenance of test equipment | 40,000 |
| Quality improvement program | 92,000 |
| Quality training | 16,000 |
Expert Answer:
To categorize the costs and calculate the percentage of the total for each category lets group the i... View the full answer
Related Book For 
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
