Homework Help is Here – Start Your Trial Now!
Business
Accounting
What quality cost classification should appear in cells B9, B12, and B17? Inspection (cell B9) 240)

What quality cost classification should appear in cells B9, B12, and B17? Inspection (cell B9) 240)

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter20: Activity-based Costing (abc)
Section: Chapter Questions
Problem 5R
See similar textbooks
icon
Related questions
Question

ss

Required information. Excel Analytics 12-01 (Static) Quality Cost Report [LO12-2] To complete this activity, you will need to have Excel installed on your computer. This exercise requires you to work in Excel and answer questions in Connect. You will read a brief scenario and then download an Excel file that you will need to complete the requirements in Parts 1 through 3 of this exercise. Some of the requirements include brief video tutorials on using Excel functions. After viewing the tutorials, you will then use what you learned to work directly in Excel to answer the required questions in Connect. [The following information applies to the questions displayed below.] Harvey Company designs and produces surgical lasers. Its product is brilliantly designed, but the manufacturing process has been plagued by chronic quality control problems. To help address the situation, Harvey formed a cross-functional team of managers that quantified its costs of quality over the last two quarters as follows: Cost of testing equipment Customer returns of defective goods Downtime due to quality problems Inspection Net cost of scrap Product recalls Quality engineering Rework labor Costs (in thousands) Quarter 1 Quarter 2 Statistical process control Supplies used in testing Systems development Warranty repairs $270 $3,200 $600 $1,700 $800 $3,500 $1,080 $1,400 $390 $200 $1,650 $1,600 $270 $40 $680 $2,800 The company's sales were $95 million in Quarter 1 and $100 million in Quarter 2. $0 $30 $120 $3,300 $1,100 $2,770 $1,300 $600
Transcribed Image Text:Required information. Excel Analytics 12-01 (Static) Quality Cost Report [LO12-2] To complete this activity, you will need to have Excel installed on your computer. This exercise requires you to work in Excel and answer questions in Connect. You will read a brief scenario and then download an Excel file that you will need to complete the requirements in Parts 1 through 3 of this exercise. Some of the requirements include brief video tutorials on using Excel functions. After viewing the tutorials, you will then use what you learned to work directly in Excel to answer the required questions in Connect. [The following information applies to the questions displayed below.] Harvey Company designs and produces surgical lasers. Its product is brilliantly designed, but the manufacturing process has been plagued by chronic quality control problems. To help address the situation, Harvey formed a cross-functional team of managers that quantified its costs of quality over the last two quarters as follows: Cost of testing equipment Customer returns of defective goods Downtime due to quality problems Inspection Net cost of scrap Product recalls Quality engineering Rework labor Costs (in thousands) Quarter 1 Quarter 2 Statistical process control Supplies used in testing Systems development Warranty repairs $270 $3,200 $600 $1,700 $800 $3,500 $1,080 $1,400 $390 $200 $1,650 $1,600 $270 $40 $680 $2,800 The company's sales were $95 million in Quarter 1 and $100 million in Quarter 2. $0 $30 $120 $3,300 $1,100 $2,770 $1,300 $600
What quality cost classification should appear in cells B9, B12, and B17? Inspection (cell B9) Quality engineering (cell B12) Warranty repairs (cell B17)
Transcribed Image Text:What quality cost classification should appear in cells B9, B12, and B17? Inspection (cell B9) Quality engineering (cell B12) Warranty repairs (cell B17)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Quality control
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Pkg Acc Infor Systems MS VISIO CD
Pkg Acc Infor Systems MS VISIO CD
Finance
ISBN:
9781133935940
Author:
Ulric J. Gelinas
Publisher:
CENGAGE L
SEE MORE TEXTBOOKS