At the Beginning of the Year, Grant Company Initiated a Quality

Multiple Choice

At the beginning of the year, Grant Company initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To help assess the impact of the quality improvement program, the following data were collected for the current and preceding years: As a result of quality improvements, profits have increased by

A) £97,500.
B) £61,500.
C) £22,500.
D) £15,000.