The following data pertain to the past six months for Ridge Company:
Evaluate the three divisions' programs by:
a.Computing the costs of conformance and the costs of nonconformance of each division.
b.Computing conformance,nonconformance,and total quality costs as a percentage of sales for each division.
c.Identifying the division that is developing the strongest quality program.
d.Identifying the division that has been slowest to react to the management directive of TQM?
Defend your answers.Round percentages to two places beyond the decimal point.
Definitions:
Asset Account
An account on a company's balance sheet that represents a resource controlled by the company from which future economic benefits are expected.
Debit Balance
Refers to the balance remaining on an account when the total of debits exceeds the total of credits, typically indicating expenses or assets.
Accounts Payable
Refers to short-term obligations or debts a company owes to its suppliers or creditors for goods and services received.
Financial Statements
Comprehensive reports created to provide insight into a company's financial condition, performance, and cash flow, inclusive of the balance sheet, income statement, and cash flow statement.
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