GEM Company Has the Following Information Available Required:
Prepare the Quality Cost Report for the GEM Company

Essay

GEM Company has the following information available:
$\begin{array}{ll}\text { Quality engineering of products } & \$ 20,000 \\\text { Quality training of employees } & \$ 2,000 \\\text { Net cost of scrap } & \$ 30,000 \\\text { Rework labor } & \$ 4,500 \\\text { Warranty repairs } & \$ 100,000\\\text { Product recalls } & \$ 200,000 \\\text { Liability arising from defective products } & \$ 1,000,000 \\\text { Maintenance of test equipment } & \$ 44,000 \\\text { Quality improvement projects } & \$ 55,000\\\text { Setups for testing } & \$ 3,000 \\\text { Supplies used in testing } & \$ 5,500 \\\text { Downtime caused by defects } & \$ 70,000 \\\text { Disposal of defective products } & \$ 80,000\end{array}$
Required:
Prepare the quality cost report for the GEM Company.