Hi Ray,
It might be possible to do this with Quik Link, but it won't be easy. Quik Link is designed mostly for GL Financial statements and single file reporting. It is not best used for reporting on multiple files or reports that require links. For reports such as the one you specified, it would be far easier to do with a full-fledged report writer, such as Crystal Reports for Adagio.
To do this in Quik Link, you would probably have to base the first link on the Component Items and a second link on the Master Items. You would also have to use a cell reference in one of the formulas to dynamically 'link' these two links together. This cell reference would replace the Key Index of one of the =ACCPAC formulas, and likely that key is based on the Item Number.
Regards,