Glory Enterprises Quality Control Report for August Contains the Following

question 17

Multiple Choice

Glory Enterprises quality control report for August contains the following items.What would be the total of the conformance costs on the August quality control report for Glory Enterprises? $$\begin{array} { | l | c | } \hline \text { Liability costs as sociated with defective products } & \$ 10,000 \\\hline \begin{array} { l } \text { Disposal costs of defective products failing } \\\text { inspection }\end{array} & 20,000 \\\hline \text { Disposal costs of raw materials failing inspec tion } & 30,000 \\\hline \text { Quality training provided to workers } & 40,000 \\\hline \begin{array} { l } \text { Lost sales due to poor quality and detective } \\\text { products }\end{array} & 50,000 \\\hline \begin{array} { l } \text { Advertising costs to offset perception of poor } \\\text { product quality }\end{array} & 60,000 \\\hline \begin{array} { l } \text { Raw materials used to correct detects before } \\\text { product was sold }\end{array} & 70,000 \\\hline \begin{array} { l } \text { Testing and inspecting a sample of finished } \\\text { goods }\end{array} & 80,000 \\\hline\end{array}$$

• A) $200,000.
• B) $170,000.
• C) $150,000.
• D) $90,000.

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Definitions:

Expected Rate of Return

The anticipated amount of profit or loss an investment is projected to generate, expressed as a percentage of the initial investment.

Fast-Second Strategy

A business approach where companies wait and learn from the market pioneers' experiences before entering the market with a more refined or targeted product.

Dominant Firm

A company with a substantial market share and the power to influence market conditions, often setting prices or standards within the industry.

Industry

Industry refers to a group of companies that operate in a similar segment of the economy or share a similar business type, often categorized by their primary business activities.