The following cost-of-quality data were collected at the installment loan department of the Kenney Bank. Classify these data into the appropriate cost-of-quality categories. Quality Cost Amount Cost Classification Loan Processing 1. Run credit checks: $2,737.54 2. Review documents: $3,173.50 3. Make document corrections; gather additional information: $1,126.00 4. Prepare tickler file; review and follow up on titles, $190.60 insurance, second meetings: 5. Review all output: $2,330.62 6. Correct rejects and incorrect output: $486.35 7. Reconcile incomplete collateral report: $70.82 8. Handle dealer problem calls; address associate problems; $2,530.00 research and communicate information: 9. Compensate for system downtime: $526.93 10. Conduct training: $1,010.00 Loan Payment 1. Receive, inspect, and process payments: $790.00 2. Respond to inquiries when no coupon is presented with payments: $840.30 Loan Payoff 1. Receive, inspect, and process payoff and release documents: $221.65 2. Research payoff problems: $15.54 Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter0: Preparing For Algebra

Section0.7: Perimeter

Problem 5E

See similar textbooks

Related questions

Question

The following cost-of-quality data were collected at the installment loan department of the Kenney Bank. Classify these data into the appropriate cost-of-quality categories.

	Quality Cost	Amount	Cost Classification
	Loan Processing
1.	Run credit checks:	$2,737.54
2.	Review documents:	$3,173.50
3.	Make document corrections; gather additional information:	$1,126.00
4.	Prepare tickler file; review and follow up on titles,	$190.60
	insurance, second meetings:
5.	Review all output:	$2,330.62
6.	Correct rejects and incorrect output:	$486.35
7.	Reconcile incomplete collateral report:	$70.82
8.	Handle dealer problem calls; address associate problems;	$2,530.00
	research and communicate information:
9.	Compensate for system downtime:	$526.93
10.	Conduct training:	$1,010.00
	Loan Payment
1.	Receive, inspect, and process payments:	$790.00
2.	Respond to inquiries when no coupon is presented with payments:	$840.30
	Loan Payoff
1.	Receive, inspect, and process payoff and release documents:	$221.65
2.	Research payoff problems:	$15.54

Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places.