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damaskus [11]
2 years ago
12

Warranty service, processing of complaints, and costs of litigation are examples of Multiple Choice appraisal costs. internal fa

ilure costs. external failure costs. replacement costs. prevention costs.
Business
1 answer:
zhannawk [14.2K]2 years ago
8 0

Examples of internal failure costs include warranty service and complaint handling. As a result, choice b is accurate.

<h3>What do you mean by internal failure cost?</h3>

Internal failure costs are expenses related to flaws discovered prior to the client receiving the good or service. External failure costs are expenses related to flaws discovered after the client has purchased the good or service.

Internal failure costs are quality expenses related to product flaws found before a product leaves the facility.

Hence, warranty services all are examples of the internal failure cost.

Learn more about internal failure costs:

brainly.com/question/14802565

#SPJ1

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Overton Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2019. Because
Andre45 [30]

Answer:

The answer is "Operating expense of $800,000 and liability of $800,000".

Explanation:

It's obvious from its government that the company must recall any paint cans which have proved health hazardous. Its organization must remember its $800,000 in canned cans. The cost of recall would also be referred to as administration fees since these costs aren't linked to its production of the paints. All operations of the company were performed. It must be held responsible for the calculation of the recalling costs.

5 0
3 years ago
Functions of marketing
Dmitry_Shevchenko [17]

Answer:

There are seven widely accepted marketing functions that contribute to the overall work of marketers. The seven functions include: Promotion. Selling. Product management. Pricing. Marketing information management. Financing. Distribution. Why are the seven marketing functions important? The seven marketing functions are important since each of them represents a category of activities that occurs in marketing.

5 0
2 years ago
Read 2 more answers
Lund Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any under o
BartSMP [9]

Answer:

A. $5,250

Explanation:

As for the provided details we have,

The total cost of work in process on 31 March = $14,000

In this amount included as cost of direct labor = $5,000

This means the remaining amount $14,000 - $5,000 = 9,000 relates to cost of direct material and cost of manufacturing overheads.

Also provided that manufacturing overheads are applied using the predetermined rate of 75% of direct labor.

Thus, amount charged to work in process inventory for manufacturing overheads shall be $5,000 direct labor cost \times 75% = $3,750

Thus, direct material cost in work in process = $14,000 - $5,000 - $3,750 = $5,250

3 0
3 years ago
Mallory Industries has the following cost information for the year just ended:
Leona [35]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead</u>.

<u>First, we need to calculate the unitary cost value:</u>

Unitary cost= (6 + 2 + 1.5) + 40,000/10,000

Unitary cost= $13.5

<u>Now, the income statement:</u>

<u></u>

Sales= 9,100*50= 455,000

COGS= (13.5*9,100)= (122,850)

Gross profit= 332,150

Total administrative costs= (3*9,100) + 50,000= (77,300)

Net operating income= 254,850

3 0
3 years ago
China decides to build an aircraft carrier. what is the opportunity cost of the aircraft carrier?
evablogger [386]

The opportunity cost of the aircraft carrier is the cost of the next best option China forgoes in order to build the aircraft carrier.

<h3>What is the opportunity cost?</h3>

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost is used in calculating implicit cost.

For example, if in deciding to build the aircraft carrier, China forgoes the opportunity to repair all the roads in china. Repairing all the roads in China is the opportunity cost.

To learn more about opportunity cost, please check: brainly.com/question/26315727

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5 0
2 years ago
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