Required A Required B Classify these items into Prevention, Appraisal, Internal failure, or External failure costs....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Required A Required B Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. Activity Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Category Appraisal External failure Internal failure Prevention < Required A Required B > One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Required: Year 1 $ 700,000 Year 2 $ 1,140,000 $ 2,800 $ 5,500 3,700 6,500 25,000 31,500 12,900 26,400 20,100 23,100 7,200 14,400 11,400 22,800 30,200 26,400 19,000 29,700 a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for year 1 and year 2. Complete this question by entering your answers in the tabs below. Required A Required B Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. Required A Required B Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. Activity Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Category Appraisal External failure Internal failure Prevention < Required A Required B > One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Required: Year 1 $ 700,000 Year 2 $ 1,140,000 $ 2,800 $ 5,500 3,700 6,500 25,000 31,500 12,900 26,400 20,100 23,100 7,200 14,400 11,400 22,800 30,200 26,400 19,000 29,700 a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for year 1 and year 2. Complete this question by entering your answers in the tabs below. Required A Required B Classify these items into Prevention, Appraisal, Internal failure, or External failure costs.
Expert Answer:
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
Posted Date:
Students also viewed these accounting questions
-
One of Camely Chemicals facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Required a. Classify these items...
-
Joshua Tree Inc. reported that at the end of 2012 net accounts receivable of 2,050 (the net value at the end of 2011 was 1,090). Their allowance for doubtful accounts at the end of 2012 was 150 (the...
-
What are the prerequisites for such a scheme to work successfully?
-
The pulse rates of randomly selected adult females Normal Distributions. For each of the data sets in Exercises, state whether you would expect it to be normally distributed. Explain your reasoning.
-
If you had been treated with respect, this would never have happened, would it?
-
Ryan Richards, controller for Grange Retailers, has assembled the following data to assist in the preparation of a cash budget for the third quarter of 2010: a. Sales: May (actual) ......$100,000...
-
46. Consider the functions Find the following limits: x + sin x, for x>0 f(x) = 0, for x = 0 -x + cos x, for x <0 g(x) = x, for any x = R. f(x) (a) lim x+0+ g(x)' (b) lim f(x) x400 g(x)' f(x) (c) lim...
-
What is the current ratio for the information given below: The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Liabilities and Equity Current liabilities:...
-
This morning you purchased one share of stock for $44. The stock pays $3.20 per share each year as a dividend. What must the stock price be one year from now if you want to earn a total return of 13...
-
You have a doubly linked list as shown below: ABCDEFG What will be the list after aplying the given operations? first = first.getNext().getNext(): first.setPrevinull);
-
You want to buy a house worth $3,230,000. You choose to take out a 30-year fixed rate conforming mortgage, put a downpayment of $1.4 million and borrow the rest. The APR of the mortgage is 4.563%...
-
Suppose the optimal risky portfolio has an expected return of 13.25% and a standard deviation of 24.57%. Mr. Jones wants an efficient portfolio with an expected return of 12%. If the optimal risky...
-
Macys just paid a dividend of $1.80. If the required return is 12% and the dividend is expected to grow at a constant rate of 6% what is the most you would be willing to pay for the stock today?
-
The following information for Minton Company is available on June 30, 2011, the end of a monthly accounting period. You are to prepare the necessary adjusting journal entries for Minton Company for...
-
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
-
Consider a plant producing widgets and dyes. The raw materials are purchased in bulk and delivered from the supplier to be placed in a warehouse until requested by the production departments. The...
-
Jake Miille has just joined the Ciudad Juarez factory (text example) as the new production manager. He was pleased to see the company uses activity-based costing. Miille believes he can reduce...
-
Some people claim, The internal rate of return is more difficult to compute than the net present value of a project. The internal rate of return method can never give a better answer than the net...
-
Assume a stock is priced at $100; calculate its intrinsic value based on the Gordon growth DDM, with the following assumptions: D0 = $3, g = 6 percent, and k = 10 percent. Indicate whether investors...
-
The simplest sequential description of the Ewens sampling formula is called the Chinese restaurant process. The first customer arrives and is seated at a table. After \(n\) customers have been...
-
Suppose Borg Corporation was operating at 88 percent of capacity. What would sales be at full capacity? What is the EFN in this case? What is the capital intensity ratio at full capacity?
Study smarter with the SolutionInn App