Exercise 12-8 (Algo) Cost of Quality [LO12-2] 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: 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. Calculate the total cost of quality last year and this year. Complete this question by entering your answers in the tabs below. 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. Complete this question by entering your answers in the tabs below. 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. Complete this question by entering your answers in the tabs below. Calculate the change in total cost of quality over the two-year period. Complete this question by entering your answers in the tabs below. Is performance trending in a favorable or unfavorable direction