Exercise 12-8 (Algo) Cost of Quality (L012-2] 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 $ 353,400 $ 617,500 Appraisal costa $ 400, 500 $ 594,100 Internal failure costs $ 782,100 $ $10,000 External failure costa $1,122,000 $ 707,200 Required: 1. Calculate the total cost of quality last year and this year, Last Year This Year Total cost of quality 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) Last Year % Prevention costs Appraisal costs Internal fallure costs External failure costs Total percent % 0.0 3. For this year, calculate the cost in each of the four catgories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) This Year % % Prevention costs Appraisal costs internal failure costs External failure costs Total borcent % % 0.01% 4a. 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 4b. Is performance trending in a favorable or unfavorable direction? O Favorable O Unfavorable