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

question 26

Essay

The following represents quality cost data for Monnett Corporation: $\begin{array}{|l|r|}\hline\text { Field testing } & \$ 67,100 \\\hline \text { Finished goods inspection } & 48,700 \\\hline \text { Materials inspection } & 37,000 \\\hline \text { Preventive maintenance } & 54,000 \\\hline \text { Process inspection } & 46,900 \\\hline \text { Product design } & 96,700 \\\hline \text { Product liability insurance } & 48,000 \\\hline \text { Quality training } & 76,200 \\\hline \text { Rework } & 68,000 \\\hline \text { Scrap } & 17,400 \\\hline \text { Testing equipment } & 36,000 \\\hline \text { Warranty repairs } & 77,200\\\hline\end{array}$
Required:
a.Classify these items into prevention,appraisal,internal failure,or external failure costs.Determine the total cost of each category.

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Definitions:

Equity

Ownership interest in a company or property, representing a share of the value after debts are subtracted.

Manufacture Prototypes

The process of creating early models or samples of a product to test its functionality, design, and feasibility.

Chinese Factories

Manufacturing facilities located in China, often noted for their high production capacity and cost-effectiveness.

Low Costs

Refers to strategies or measures implemented to reduce expenses and financial outlays in order to achieve better efficiency or increase profitability.