Hartoon Company's quality cost report is to be based on the following data: 
Required:
Prepare a Quality Cost Report in good form with separate sections for prevention costs,appraisal costs,internal failure costs,and external failure costs.
Definitions:
Supply Curve
A visual depiction that shows how the supply quantity of a product or service relates to its price over a specified time frame.
Producer Surplus
The difference between what producers are willing to accept for a good or service versus what they actually receive, usually measured above supply curve.
Binding Price Ceiling
A government-imposed maximum price that is set below the equilibrium price, resulting in a shortage of the good or service.
Substitute
A good or service that can replace another to satisfy similar needs or desires, often leading to competition between producers.
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