Answer:
(b) Internal failure costs (d) Prevention cost
Explanation:
(a) External failure costs are those costs incurred due to product failures after they have been sold to customers. These costs include: Legal fees related to customer lawsuits. Loss of future sales from dissatisfied customers.
b) Appraisal costs are a specific category of quality control costs. Companies pay appraisal costs as part of the quality control process to ensure that their products and services meet customer expectations and regulatory requirements. These costs could include expenses for field tests and inspections
(c) Internal failure costs are those costs of quality associated with product failures that are discovered before a product leaves the factory. These failures are discovered through the firm's internal inspection processes.
(d) Prevention costs are those costs incurred to avoid or minimize the number of defects at first place are known as prevention costs. Some examples of prevention costs are improvement of manufacturing processes, workers training, quality engineering, statistical process control
Answer:
overhead volume variance = $ 1970
Explanation:
GIVE DATA:
fixed overhead = $8,100
variable overhead =$18,200
standard hours for production = 3000*3 = 9000
standard cost per hour = 1.97+070
The total factory overhead volume variance = Total actual OH (fixed + Variable) - Standard OH ( variable + Fixed)
= ($ 18,200 + $ 8,100 ) - ( Standard hours for actual production x Standard Cost per hour)
= $ 26,000 - [( 3000 x 3 ) hours x ( $ 1.97 + $ 0.70 ) per hour]
= $ 26,000 - (9000 x 1.67)
= $ 26,000 - $ 24,030
= $ 1970
= $ 1970
I would guess $8, since 40/5=8. But I'm not 100% sure.
Answer:
a) Bonds Payable.
Explanation:
Since there is an issue of bonds as against cash, which need to be paid back in future, amount received will be credited to bonds payable.
Further the purpose of bonds will always be to acquire a capital asset as bonds are issued for long term finance generally, therefore, the bonds will be credited as bonds payable, rather than capital contributions.
Though a general note in notes to account can be added clearly specifying the purpose of issue of bonds.
a) Bonds Payable.