The following represents the financial information for Plaza Plastics for May and June: June $570,000 Sales...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following represents the financial information for Plaza Plastics for May and June: June $570,000 Sales revenue Costs Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims. Materials inspection May $ 777,000 $ 2,050 2,930 23,830 5,230 8,470 3,430 19,830 16,270 7,870 11,350 $ 1,760 1,810 11,770 4,390 6,370 3,130 16,720 8,620 4,390 11, 230 Required: 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 May and June. 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 May and June. 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. Activity Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims Materials inspection Category The following represents the financial information for Plaza Plastics for May and June: June $570,000 Sales revenue Costs Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims. Materials inspection May $ 777,000 $ 2,050 2,930 23,830 5,230 8,470 3,430 19,830 16,270 7,870 11,350 $ 1,760 1,810 11,770 4,390 6,370 3,130 16,720 8,620 4,390 11, 230 Required: 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 May and June. 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 May and June. 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. Activity Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims Materials inspection Category
Expert Answer:
Answer rating: 100% (QA)
1a Classify these items into Prevention Appraisal Internal failure or External failure costs Prevention Costs Quality training Preventive maintenance Appraisal Costs Materials inspection Internal Fail... View the full answer
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Posted Date:
Students also viewed these accounting questions
-
The following represents the financial information for Trovatore Corporation, a manufacturer of electronic components, for two months: Required a. Classify these items into prevention (P), appraisal...
-
The following represents the financial information for Domingo Corporation for two months: Required a. Classify these items into prevention (P), appraisal (A), internal failure (IF), or external...
-
Nuke-It-Now manufactures microwave ovens. The following represents the financial information from one of its manufacturing plants for two years. Required a. Classify these items into prevention (P),...
-
Describe what happens if you put the double quotes in the print statement of HelloWorld.java on different lines, as in this code fragment: System.out.println("Hello, World");
-
The total consumption of electrical energy in the United States is about 1.0 X IOt9 J per year. (a) What is the average rate of electrical energy consumption in watts? (b) The population of the...
-
A peristaltic pump delivers a unit flow (Q 1 ) of a highly viscous fluid. The network is depicted in Figure. Every pipe section has the same length and diameter. The mass and mechanical energy...
-
Sunny Day Sunlamps, Inc., had Sales Revenue of $53 million, Sales Returns and Allowances of $2 million, and Sales Discounts of $0.3 million in 2010. Cost of goods sold was $23 million, and net income...
-
Some fast-food chains offer a lower-priced combination meal in an effort to attract budget-conscious customers. One chain test-marketed a burger fries and a drink combination for $1.71. The weekly...
-
The Kraft Heinz Company was formed in 2015 with the merger of Kraft Foods and H. J. Heinz Corporation. The company reported the following rounded amounts for the year ended December 29, 2018 (all...
-
Walmart Stores, Inc. (Walmart) is the largest retailing firm in the world. Building on a base of discount stores, Walmart has expanded into warehouse clubs and Supercenters, which sell traditional...
-
15. The 3rd and 9th terms of an arithmetic progression are 29 and 8 respectively. Calculate the 20th. term of the progression.
-
Describe some of the trade-offs faced by each of the following: a. A family deciding whether to buy a new car. b. A government deciding whether to build a high-speed rail link between two major...
-
Pursuant to your e-mail of the 4th, please be advised that your shipment was sent March 6. Revise the following to make the tone conversational yet professional.
-
Douglas Luna is crippled with arthritis, but his crippling rarely interferes with his work. Revise the following sentences to reduce bias (e.g., gender, racial, ethnic, age, and disability).
-
Because we have automated our mobile worker trip forms, we need all employees to use the SmartTrip travel reimbursement mobile app. This is the fastest way to be reimbursed. Revise the following...
-
The CEO said that we must (review, change, reduce) overtime hours to (fix, balance, rework) the budget. From the choices in parentheses, select the most precise, vigorous words.
-
Today you went through your preferred intermediary and purchased a contract to exchange $10,000 in Jordanian dinar in six months at a rate of $1.38 per dinar. Which market does this transaction...
-
In each of the following independent cases, document the system using whatever technique(s) your instructor specifies. a. Dreambox Creations (www.dreamboxcreations.com/) in Diamond Bar, California,...
-
Financial budgets: cash outflows Country Club Road Nurseries grows and sells garden plants. The nursery is active between January and October each year. During January, the potting tables and...
-
Drop unprofitable product or department Perform an Internet or electronic library search on close underperforming departments, unprofitable products, or a similar phrase to locate an example of a...
-
What are the pros and cons of building slack into the budget from (1) the point of view of the employee building in slack and (2) from a senior managers point of view?
-
The heat of vaporization of ether is \(25.98 \mathrm{~kJ} / \mathrm{mol}\) at its boiling point, \(34.5^{\circ} \mathrm{C}\). (a) Calculate the rate of change of vapour pressure with temperature...
-
Show that the internal energy of an ideal gas is a function only of temperature.
-
For a gas obeying the equation of state \(V=B+\frac{R T}{P}\), the Joule-Thomson coefficient is given by \[ \mu_{\mathrm{JT}}=-\frac{1}{C_{P}}\left(T \frac{d B}{d T}-B ight) \]
Study smarter with the SolutionInn App