One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Year 1 Year 2 $ 757,000 $ 1,197,000 $ 2,990 $ 5,690 3,890 6,690 25, 190 31,690 11 13,090 26,590 20, 290 23, 290 7,390 14,590 11,590 22,990 30,390 26,590 19, 190 29,890 Required: Construct a cost of quality report for year 1 and year 2. Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).
One of the Camely Chemicals' facilities manufactures a hazardous chemical. The following represents the financial information from the plant for the most recent two years: Sales revenue Costs Redesign manufacturing process Discard defective batches Cleanup toxic spills Warranty claims Product liability claims Rework Preventive maintenance Batch testing Training on equipment Year 1 Year 2 $ 757,000 $ 1,197,000 $ 2,990 $ 5,690 3,890 6,690 25, 190 31,690 11 13,090 26,590 20, 290 23, 290 7,390 14,590 11,590 22,990 30,390 26,590 19, 190 29,890 Required: Construct a cost of quality report for year 1 and year 2. Note: Input all amounts as positive numbers. Round your percentage answers to 1 decimal place (i.e., .321 as 32.1).
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter14: Quality And Environmental Cost Management
Section: Chapter Questions
Problem 27E: Using the Taguchi quality loss function, an average loss of 20 per unit is calculated. During the...
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