classify the cost elements shown below for the impressive printing company into the proper quality cost…

classify the cost elements shown below for the impressive printing company into the proper quality cost categories.\ncost element amount quality cost category\ncustomer complaint remakes $21,700 -select-\nprinting plate revisions $27,300 -select-\nquality improvement projects $10,600 -select-\ngauging $104,000 -select-\nother waste $36,000 -select-\ncorrection of typographical errors $184,000 -select-\nproofreading $410,000 -select-\nquality planning $58,000 -select-\npress downtime $220,300 -select-\nbindery waste $47,600 -select-\nchecking and inspection $30,400 -select-\nfind the total quality cost by category and percentage of total quality cost by category. do not round intermediate calculations. round the monetary values to the nearest dollar and percentage values to two decimal places.\nquality cost category total amount percentage of total quality cost\nprevention $$$ $%$\nappraisal $$$ $%$\ninternal failure $$$ $%$\nexternal failure $$$ $%$

classify the cost elements shown below for the impressive printing company into the proper quality cost categories.\ncost element amount quality cost category\ncustomer complaint remakes $21,700 -select-\nprinting plate revisions $27,300 -select-\nquality improvement projects $10,600 -select-\ngauging $104,000 -select-\nother waste $36,000 -select-\ncorrection of typographical errors $184,000 -select-\nproofreading $410,000 -select-\nquality planning $58,000 -select-\npress downtime $220,300 -select-\nbindery waste $47,600 -select-\nchecking and inspection $30,400 -select-\nfind the total quality cost by category and percentage of total quality cost by category. do not round intermediate calculations. round the monetary values to the nearest dollar and percentage values to two decimal places.\nquality cost category total amount percentage of total quality cost\nprevention $$$ $%$\nappraisal $$$ $%$\ninternal failure $$$ $%$\nexternal failure $$$ $%$

Answer

Explanation:

Step1: Categorize cost elements

  • Prevention costs: Quality improvement projects ($10,600), Quality planning ($58,000). Total prevention cost = $10,600 + $58,000=$68,600.
  • Appraisal costs: Gauging ($104,000), Proofreading ($410,000), Checking and inspection ($30,400). Total appraisal cost = $104,000 + $410,000+ $30,400 = $544,400.
  • Internal - failure costs: Printing plate revisions ($27,300), Other waste ($36,000), Correction of typographical errors ($184,000), Press downtime ($220,300), Bindery waste ($47,600). Total internal - failure cost = $27,300+ $36,000 + $184,000+ $220,300+ $47,600=$515,200.
  • External - failure costs: Customer complaint remakes ($21,700).

Step2: Calculate total quality cost

Total quality cost = $68,600 + $544,400+ $515,200+ $21,700=$1,149,900.

Step3: Calculate percentage of total quality cost by category

  • Prevention cost percentage = $\frac{68,600}{1,149,900}\times100%\approx6.05%$.
  • Appraisal cost percentage = $\frac{544,400}{1,149,900}\times100%\approx47.34%$.
  • Internal - failure cost percentage = $\frac{515,200}{1,149,900}\times100%\approx44.80%$.
  • External - failure cost percentage = $\frac{21,700}{1,149,900}\times100%\approx1.90%$.

Answer:

Quality Cost Category Total Amount Percentage of Total Quality Cost
Prevention $68,600 6.05%
Appraisal $544,400 47.34%
Internal failure $515,200 44.80%
External failure $21,700 1.90%