The Following Represents Quality Cost Data for Monnett Corporation Required:
A

question 62

Essay

The following represents quality cost data for Monnett Corporation:
$$\begin{array} { l l } \text { Field testing } & \$ 67,100 \\\text { Finished goods inspection } & 48,700 \\\text { Materials inspection } & 37,000 \\\text { Preventive maintenarnce } & 54,000 \\\text { Process inspection } & 46,900 \\\text { Product design } & 96,700 \\\text { Product liability insurance } & 48,000 \\\text { Quality training } & 75,200 \\\text { Rework } & 68,000 \\\text { Scrap } & 17,400 \\\text { Testing equipment } & 36,000 \\\text { Warranty repairs } & 77,200\end{array}$$
Required:
a. Classify these items into prevention, appraisal, internal failure, or external failure costs and determine the total cost of each category.

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Definitions:

Social Entrepreneurs

Individuals who establish enterprises with the goal of solving social problems or effecting social change, using business principles to achieve their objectives.

Underserved Populations

Groups of individuals who do not receive adequate services, resources, or attention to meet their basic needs or rights.

Enterprises

Organizations or businesses engaged in commercial, industrial, or professional activities.

Business Model

A conceptual framework that describes how a company creates, delivers, and captures value, outlining its products, customer base, and financial strategies.