Art is working on a research paper. On Monday, he checked out 19 books from the library. On Thursday, he returned 7 of the books
2 answers:
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Answer:
Given:
Cost of Redesigning a form to reduce errors = $15,000
Cost of Responding to customer complaints = $75,000
Cost of Verifying the accuracy of a form = $30,000
Cost of Correcting errors in forms = $60,000
Sales = $3,000,000
<u><em>Prevention costs is defined as the costs that incur to obviate or decrease the number of flaw at first places. is defined as the costs that incur to obviate or decrease the number of flaw at first places. </em></u>
Here Prevention cost is computed as :
Prevention cost = Cost of Redesigning a form to reduce errors + Cost of Responding to customer complaints + Cost of Correcting errors in forms
Prevention cost = $15,000 + $75,000 + $60,000
Prevention cost = $ 150,000
∴ Prevention cost to total sales ratio =
Prevention cost to total sales ratio =
<u><em>Prevention cost to total sales ratio = 0.05</em></u>
<u><em>% Prevention cost to total sales = 5%</em></u>
Answer:
$18,400
Explanation:
Using the appropriate cost driver <u><em>(which is the most appropriate method of determining or calculating a particular cost. The Variable cost drivers might come in the form of costs per unit, hourly costs, or batch costs, among others. it can also be fixed costs, which could be in form of set-up costs.),</em></u> the total cost of the potential job will be $18,400
The full diagram explaining the step be step procedure is in the attached image below.
