Answer:
The COQ is -$10,000
Explanation:
The COQ can be represented by the sum of two factors: Cost of Good Quality and Cost of Poor Quality.
The Cost of Good Quality (CoGQ) includes the prevention and appraisal cost and the Cost of Poor Quality (CoPQ) includes internal and external failures.
The formula of COQ is:
COQ = CoGQ + CoPQ
If
CoGQ= $10,000 + $ 50,000 = $ 60,000
and
CoPQ= -$30,000 - $ 40,000 = -$ 70,000
CoPQ values are negative because they are reductions of wate and returns of bad products
then:
COQ= $ 60,000 - $ 70,000
COQ= -$ 10,000
Answer:
The expression "in the black" is used to refer to a company's profitability and current financial health. ... When a company is in the black, it has positive earnings, is financially solvent, and not burdened by too much debt. Companies that are unprofitable and showing a loss are said to be in the red
Explanation:
If a covered member's spouse is employed by an audited entity, then the covered member's independence may be compromised.
The covered member should disclose this relationship and evaluate the extent of their involvement with the audited entity to determine if it impairs their objectivity and independence. In this case, the covered member may have a potential conflict of interest or bias due to their spouse's employment with the audited entity. It is possible that the covered member may need to recuse themselves from certain aspects of the audit to maintain independence. Overall, the covered member should follow the guidelines set forth by their professional standards and code of ethics. As a result, this can impair the covered member's independence, potentially affecting the objectivity and integrity of the audit.
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Answer:
What should be taken into consideration is "Who has the greatest need?"
Explanation:
A production process must be established and managed in such a way as not to cause waste, as waste means loss of economic power and unused production. For this reason, the consideration that should be addressed when deciding who to produce is "Who has the greatest need?" Once this is decided, the chances of wasted production will be much lower, while highly profitable production will be stimulated.
Answer:
$90,000
Explanation:
calculating profit using contribution margin method;
units sold: 5000
selling price: $100
variable costs: $60
fixed cost: $110,000
conribution margin per item= selling price- variable costs
=$100- $60
=$40
Total CMargin = Contribution margin per unit x total units sold
= $40X5000
= $200,000
net Income = total conribution margin - fixed costs
= $200,000- $110,00
= $90,000