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Instructions:
Abrams Corporation Total Prevention Cost Questions
I’m trying to learn for my accounting class and I’m stuck. Can you help?
Question 1:
The Abrams Corporation incurred the following quality costs for the year ending December 31, 2018:
Inspections: $35,4000
Training $16,700
Quality planning $7,000
Maintenance $10,800
Rework $3,850
Warranty $8,690
Testing Equipment $ 8,000
Scrap $8,000
Lost sales $20,000
Downtime $10,000
Repairs $7,200
What is the total prevention cost for the Abrams Corporation? What is the total appraisal cost? What is the total internal failure cost? What is the total external failure cost?
Internal Control Over Financial Reporting Report
Management’s Report on Internal Control Over Financial Reporting
The Independent Registered Public Accounting Firm’s Report on Internal Control Over Financial Reporting
The Independent Registered Public Accounting Firm’s Report on the Financial Statements
Explain the purpose and content of each of these reports.
Assuming the report you review is an Unqualified Opinion, express your thoughts on other types of financial statement reports such as Qualified Opinions, Adverse Opinions, and Disclaimer of Opinions.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Abrams Corporation Total Prevention Cost Questions |
Abrams Corporation Total Prevention Cost Questions