Walton Company has measured its quality costs for the past two years. After the company gathers...
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Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs using the four categories shown below: Last Year This Year Prevention costs Appraisal costs Internal failure costs $ 339,200 $ 643,500 $ 476,200 $ 545,000 $ 750,500 $ 470,000 External failure costs $ 1,034,000 $ 680,000 Required: 1. Calculate the total cost of quality last year and this year. 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. 4-a. Calculate the change in total cost of quality over the two-year period. 4-b. Is performance trending in a favorable or unfavorable direction? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4A Required 4B For last year, calculate the cost in each of the four categories as a percent of the total cost of qu Note: Round your answers to 1 decimal place. Prevention costs Appraisal costs Internal failure costs External failure costs Total percent Last Year % % % % % di di di di Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs using the four categories shown below: Last Year This Year Prevention costs Appraisal costs Internal failure costs $ 339,200 $ 643,500 $ 476,200 $ 545,000 $ 750,500 $ 470,000 External failure costs $ 1,034,000 $ 680,000 Required: 1. Calculate the total cost of quality last year and this year. 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. 4-a. Calculate the change in total cost of quality over the two-year period. 4-b. Is performance trending in a favorable or unfavorable direction? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4A Required 4B For last year, calculate the cost in each of the four categories as a percent of the total cost of qu Note: Round your answers to 1 decimal place. Prevention costs Appraisal costs Internal failure costs External failure costs Total percent Last Year % % % % % di di di di
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