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Rzqust [24]
3 years ago
9

Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 15,200 Quality data

gathering, analysis, and reporting $ 64,700 Net cost of spoilage $ 68,300 Re-entering data because of keying errors $ 20,700 Test and inspection of in-process goods $ 19,500 Final product testing and inspection $ 43,800 Statistical process control activities $ 36,300 Returns arising from quality problems $ 33,100 Downtime caused by quality problems $ 65,000 What would be the total appraisal cost appearing on the quality cost report
Business
1 answer:
Yuki888 [10]3 years ago
5 0

Answer:

The total appraisal cost that would appear on the quality cost report is $63,300.

Explanation:

Appraisal costs can be described as costs that are incurred by a company in order to detect some of its products that have defects before they delivered to customers.

Examples of appraisal cost include costs incurred to inspect work-in-process materials, costs incurred to inspect finished goods, supplies used to conduct inspections, and among others.

Based on the above explanation, the total appraisal cost that would appear on the quality cost report can be calculated as follows:

Total appraisal cost = Test and inspection of in-process goods + Final product testing and inspection = $19,500 + $43,800 = $63,300

Therefore, the total appraisal cost that would appear on the quality cost report is $63,300.

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what is it called when raising the price of a good will increase the firm's total revenue, decreasing the price will decrease th
frozen [14]

Answer:

total revenue test: elastic. If demand is elastic, a decrease in price will increase total revenue, and an increase in price will reduce total revenue. total revenue: inelastic.

Explanation:

6 0
2 years ago
During the year, the Senbet Discount Tire Company had gross sales of $1.24 million. The company’s cost of goods sold and selling
Afina-wow [57]

Answer:

Net income= $139,755

Operating cash flow= $346,835

Explanation:

Senbet discount tire company has a gross sale of $1.24 million

The cost of goods sold is $593,000

The selling expense is $246,000

The company has a note payable of $850,000 with an interest rate of 5%

Depreciation is $123,000

Tax rate is 23%

(a) Inorder to calculate the tax expense the first step is to find the interest

Interest= debt×interest rate

= $850,000×5/100

= 850,000×0.05

= 42,500

Therefore, the net income can be calculated as follows

= (sales-cost of goods sold-selling expense-depreciation-interest)(1-tax rate)

=( $593,000-$246,000-$123,000-42,500)(1-0.23)

= 181,500×0.77

= $139,755

(b) Inorder to calculate the operating cash flow the first step is to find the tax expense

Tax expense= (gross sales-cost of goods sold-selling expense-depreciation-interest)× tax

($1,240,000-$593,000-$246,000-$123,000-42,500)×0.23

= $235,500×0.23

= $54,165

Therefore, the operating cash flow can be calculated as follows

= gross sales-cost of goods sold-selling expense-depreciation-tax expense+depreciation

=$1,240,000-$593,000-$246,000-$123,000-$54,165+$123,000

= $346,835

Hence the net income is $139,755 and the operating cash flow is $346,835

4 0
3 years ago
Eliza has the opportunity to receive $15,000 in four years. Assume the annual interest rate is 10%, what is the present value?
KonstantinChe [14]

Answer:

$10,245.20

Explanation:

The present value by the Eliza shall be determined through below mentioned formula:

Present value=Future value(1+i)^-n

In the given question

Present value=?

Future value= Amount that the Eliza will receive after four years=$15,000

i=interest rate involved=10%

n=number of years after which the $15,000 will be received=4

Present value=$15,000(1+10%)^-4=$10,245.20

3 0
3 years ago
memphis company anticipates total sales for april, may, and june of $900,000, $1,000,000, and $1,050,000 respectively. cash sale
mr_godi [17]

The amount of cash received from credit sales during the month of may  $676,000. In general credit sales is equals to total sale multiply by credit sales ratio.

What is credit sales?

Credit sales = Closing debtors + Receipts - Opening debtors.

Credit sales are transactions in which the debt will be paid in full at a later time. In other words, credit sales are transactions in which customers make purchases but do not pay in full, in cash, at the time of the transaction.

A manual for bookkeeping. Recognition of Revenue. Sales are recorded as a credit since the journal entry's opposite, which is typically a debit to either the cash or accounts receivable account, is a credit. In essence, the credit raises shareholders' equity while the debit increases one of the asset accounts.

To know more about credit sales, refer:

brainly.com/question/4974216

#SPJ4

5 0
1 year ago
The federal trade commission (ftc) and u.s. postal service have rules that govern the use of _____ plans whereby a company propo
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