Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Book Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs

Book 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: Prevention costs Appraisal costs Internal failure costs. External failure costs Required: Last Year $ 321,300 $405,000 $ 758,400 $ 1,177,000 This Year $ 591,500 $ 528,700 $ 450,000 $ 734,400 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 3 Required 2 Required 4A Required 48 Calculate the total cost of quality last year and this year. Total cost of quality Last Year This Year Regist Required 2 > 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 48 For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. Note: Round your answers to 1 decimal place. Last Year Prevention costs % Appraisal costs % Internal failure costs % External failure costs % % Total percent Prey 2 of 7 Next > 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 Required 4A Required 4B For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. Note: Round your answers to 1 decimal place. This Year Prevention costs % Appraisal costs % Internal failure costs % External failure costs % Total percent % 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 Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Internal and external failure costs The total cost of quality LUSE OF quality. 4-a. Calculate the change in total cost of quality over the two-year period. les as a percent of the total cost of quality. 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 Is performance trending in a favorable or unfavorable direction? OFavorable OUnfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions