1) Faastprint has identified the following costs given in the table for the month of December’22. a) Classify the various quality costs into the different quality cost categories (prevention, appraisal, internal failure, external failure).b) Analyze the costs/costs categories and suggest which areas Faastprint should address first in an effort to improve their quality. CostAmountProofreading$70,000Quality planning$10,000Reprinting caused by inspector rejection of product$405,000Discarded material due to machine failure$75,000Inspection of printed product$60,000Reprinting due to customer complaints$40,000Quality improvement projects$20,000Correction of typographical errors found after proofreading$30,000

Answered: ) Faastprint has identified the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Concept explainers

Question

1) Faastprint has identified the following costs given in the table for the month of December’22.

a) Classify the various quality costs into the different quality cost categories (prevention, appraisal, internal failure, external failure).
b) Analyze the costs/costs categories and suggest which areas Faastprint should address first in an effort to improve their quality.

Cost	Amount
Proofreading	$70,000
Quality planning	$10,000
Reprinting caused by inspector rejection of product	$405,000
Discarded material due to machine failure	$75,000
Inspection of printed product	$60,000
Reprinting due to customer complaints	$40,000
Quality improvement projects	$20,000
Correction of typographical errors found after proofreading	$30,000

Expert Solution

Step 1

1. Prevention Costs – costs from preventive actions to minimize the defects

2. Appraisal Costs – costs from actions made for problem detection

3. Internal Failure cost – costs from actions made during the project to solve problems

4. External Failures cost – costs from actions made after the project to solve problems

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions