The following represents the financial information for Domingo Corporation for two months. April S390,000 March Sales revenue $485,000 Costs $1,700 1, H0 20,600 A,500 7,100 $ 1,870 1,960 13,200 4,800 7,200 3,600 18,000 8,800 4,608 12,900 Process Anspection Scrap Quality training Marranty repairs Product testing equipnent Custorer coplaints 17,000 13,000 6,700 9,600 Hework Preventive naintenance Materials inspection Field testing Required: a. Classity these Items Into Prevention, Appraisal, Internal fallure, or External fallure costs b. Calculate the ratio of the prevention, appralsal, Internal failure, and external fallure costs to sales for March and April.
The following represents the financial information for Domingo Corporation for two months. April S390,000 March Sales revenue $485,000 Costs $1,700 1, H0 20,600 A,500 7,100 $ 1,870 1,960 13,200 4,800 7,200 3,600 18,000 8,800 4,608 12,900 Process Anspection Scrap Quality training Marranty repairs Product testing equipnent Custorer coplaints 17,000 13,000 6,700 9,600 Hework Preventive naintenance Materials inspection Field testing Required: a. Classity these Items Into Prevention, Appraisal, Internal fallure, or External fallure costs b. Calculate the ratio of the prevention, appralsal, Internal failure, and external fallure costs to sales for March and April.
Chapter22: S Corporations
Section: Chapter Questions
Problem 16CE
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