Check my work In response to intensive foreign competition, the management of Florex Company has attempted over the past year to improve the quality of its products. A statistical process control system has been installed and other steps have been taken to decrease the amount of warranty and other field costs, which have been trending upward over the past several years. Costs relating to quality and quality control over the last two years are given below: Costs (in thousands) Last This Rook Year Year Inspection Quality engineering Depreciation of test equipnent 840 2$ 360 %24 870 600 int 2$ ences 510 300 Rework labor $ 1,230 $ 1,890 %24 Statistical process control Cost of field servicing Supplies used in testing Systens development Warranty repairs Net cost of scrap Product testing Product recalls Disposal of defective products 300 $ 1,650 %24 2$ $ 3,000 %24 60 900 24 660 30 750 %24 $ 1,200 $ 1,230 $ 1,350 660 990 24 $ 2,400 2$ 750 810 24 930 Sales have been flat over the past few years, at $75,000,000 per year. A great deal of money has been spent in the effort to upgrade quality, and management is anxious to see whether or not the effort has been effective. Required: 1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousanle Dound unur nerrentane anewere to 2 decimal nlacee lie 01234 shoualed he entered as 12 34)1 Required: 1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousands. Round your percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).) 1 Amount (in thousands) Percent of Percent of Amount (in thousands) Sales Sales Prevention costs: Total prevention costs Appraisal costs Total appraisal costs Internal failure costs: Total internal failure costs External failure costs: Total external failure costs Total quality cost