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Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places.

Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places.

Pkg Acc Infor Systems MS VISIO CD
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter16: The General Ledger And Business Reporting (gl/br) Process
Section: Chapter Questions
Problem 1P
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I understand the cost classification, but not the total amount and percent of total. Thanks!

Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places. Quality Cost Category Prevention Appraisal Internal failure External failure Total Amount $ tA LA $ Percentage of Total Quality Cost % % % %
Transcribed Image Text:Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places. Quality Cost Category Prevention Appraisal Internal failure External failure Total Amount $ tA LA $ Percentage of Total Quality Cost % % % %
The following cost-of-quality data were collected at the installment loan department of the Kenney Bank. Classify these data into the appropriate cost-of-quality categories. Quality Cost Loan Processing 1. Run credit checks: 2. Review documents: 3. Make document corrections; gather additional information: 4. Prepare tickler file; review and follow up on titles, insurance, second meetings: 5. Review all output: 6. Correct rejects and incorrect output: 7. Reconcile incomplete collateral report: 8. Handle dealer problem calls; address associate problems; research and communicate information: 9. Compensate for system downtime: 10. Conduct training: Loan Payment 1. Receive, inspect, and process payments: 2. Respond to inquiries when no coupon is presented with payments: Loan Payoff 1. Receive, inspect, and process payoff and release documents: 2. Research payoff problems: Amount $2,506.41 $3,973.49 $1,012.70 $137.50 $2,184.30 $420.60 $78.52 $2,020.00 $514.31 $1,280.00 $840.00 $855.90 $243.92 $15.10 Cost Classification ✔ -Select- Appraisal External failure Internal failure Prevention -Select- -Select- -Select- -Select- -Select- -Select- -Select- -Select- -Select- -Select- Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places.
Transcribed Image Text:The following cost-of-quality data were collected at the installment loan department of the Kenney Bank. Classify these data into the appropriate cost-of-quality categories. Quality Cost Loan Processing 1. Run credit checks: 2. Review documents: 3. Make document corrections; gather additional information: 4. Prepare tickler file; review and follow up on titles, insurance, second meetings: 5. Review all output: 6. Correct rejects and incorrect output: 7. Reconcile incomplete collateral report: 8. Handle dealer problem calls; address associate problems; research and communicate information: 9. Compensate for system downtime: 10. Conduct training: Loan Payment 1. Receive, inspect, and process payments: 2. Respond to inquiries when no coupon is presented with payments: Loan Payoff 1. Receive, inspect, and process payoff and release documents: 2. Research payoff problems: Amount $2,506.41 $3,973.49 $1,012.70 $137.50 $2,184.30 $420.60 $78.52 $2,020.00 $514.31 $1,280.00 $840.00 $855.90 $243.92 $15.10 Cost Classification ✔ -Select- Appraisal External failure Internal failure Prevention -Select- -Select- -Select- -Select- -Select- -Select- -Select- -Select- -Select- -Select- Calculate the amount and the percent of total. Do not round intermediate calculations. Round the monetary values to the nearest cent and percentage values to two decimal places.
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