Harvey Company designs and produces surgical lasers. Its product is brilliantly designed, but the manufacturing process has been plagued by chronic quality control problems. To help address the situation, Harvey formed a cross-functional team of managers that quantified its costs of quality over the last two quarters as follows: Cost of testing equipment Customer returns of defective goods Downtime due to quality problems Inspection Net cost of scrap Product recalls Quality engineering Rework labor Statistical process control Supplies used in testing Systens development Warranty repairs Costs (in thousands) Quarter 1 Quarter 2 $ 270 $ 390 $ 3,282 $ 200 $ 600 $1,100 $1,700 $ 2,770 $ 880 $ 1,380 $ 3,50 $ 680 $ 1,080 $1,650 $1,482 $1,600 $ $ 270 $ 30 $ 40 $ 120 $ 680 $ 3,382 $ 2, Bee The company's sales were $95 million in Quarter 1 and $100 million in Quarter 2 Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PlvotTables In Excel. Click here for a brief tutorial on PivotCharts In Excel. Click here for a brief tutorial on the Subtotal function in Excel. Click here for a brief tutorial on VLOOKUP In Excel. Excel Analytics 12-1 (Static) Part 2 2 Go to the tab titled Template B: a. Use VLOOKUP to identify the proper quality cost classification that should appear in cells B6 through B17. (Hints: Your VLOOKUP formula in cell B6 will refer to Template A to find the cost that matches the description in cell A6 of Template B. Once a match is found your formula will instruct Excel to take the corresponding cost classification from Template A and insert it into cell B6 of Template B. Use absolute references where needed when creating your formula in cell B6 because this will enable you to copy the formula into cells B7 through B17.) b. What quality cost classification should appear in cells B9, B12, and B17? c. Using Exhibit 12-7 as your guide, prepare a quality cost report for Quarters 1 and 2 Your quality cost report should list prevention costs first followed by appraisal, Internal failure, and external failure costs. (Hints: First, sort all rows of data by quality cost classification (A-2). Second, select cells A5 through H17 and use the Excel's subtotal function to create subtotals within columns C through H by classification type. d. What are the first quarter's total prevention, appraisal, Internal failure, and external failure costs? What are the same four amounts for the second quarter? e. What are the first quarter's total prevention, appraisal, Internal failure, and external failure costs each stated as a percent of the first quarter's total cost of quality? What are the same four percentages for the second quarter? f. What are the first quarter's total prevention, appraisal, Internal failure, and external failure costs each stated as a percent of the first quarter's sales? What are the same four percentages for the second quarter? Complete this question by entering your answers in the tabs below. Req 23 Reg 2D Reg 2E Reg 2F What quality cost classification should appear in cells B9, B12, and B17? Inspection (cell B9) Quality engineering (cell B12) Warranty repairs (cell B17) A D E F G H J K L M N o P R S T U 1 2 3 4 Classification Q1% of Salec Q2 Amount Q2% of Sales Harvey Company Quality Cost Report (in thousands) Quarter 1 Q1 % of Total Q1 Amount Quality Cos $ 270 0.0% $ 3,200 0.0% $ 600 0.0% $ 1,700 0.0% $ 800 0.0% $ 3,500 0.0% $ 1,080 0.0% $ 1,400 0.0% $ 0.0% $ 30 0.0% $ 120 0.0% $ 3,300 0.0% 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 390 200 1,100 2,770 1,300 600 1,650 1,600 270 40 680 2,800 Quarter 2 Q2% of Total Quality Cos 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 5 Cost Description Cost of testing equipment 7 Customer returns of defective goods 8 Downtime due to quality problems 9 Inspection 10 Net cost of scrap 11 Product recalls 12 Quality engineering 13 Rework labor 14 Statistical process control 15 Supplies used in testing 16 Systems development 17 Warranty repairs 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Pivottable PivotChart Subtotal VL00KUP Template A Template B Harvey Company designs and produces surgical lasers. Its product is brilliantly designed, but the manufacturing process has been plagued by chronic quality control problems. To help address the situation, Harvey formed a cross-functional team of managers that quantified its costs of quality over the last two quarters as follows: Cost of testing equipment Customer returns of defective goods Downtime due to quality problems Inspection Net cost of scrap Product recalls Quality engineering Rework labor Statistical process control Supplies used in testing Systens development Warranty repairs Costs (in thousands) Quarter 1 Quarter 2 $ 270 $ 390 $ 3,282 $ 200 $ 600 $1,100 $1,700 $ 2,770 $ 880 $ 1,380 $ 3,50 $ 680 $ 1,080 $1,650 $1,482 $1,600 $ $ 270 $ 30 $ 40 $ 120 $ 680 $ 3,382 $ 2, Bee The company's sales were $95 million in Quarter 1 and $100 million in Quarter 2 Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on PlvotTables In Excel. Click here for a brief tutorial on PivotCharts In Excel. Click here for a brief tutorial on the Subtotal function in Excel. Click here for a brief tutorial on VLOOKUP In Excel. Excel Analytics 12-1 (Static) Part 2 2 Go to the tab titled Template B: a. Use VLOOKUP to identify the proper quality cost classification that should appear in cells B6 through B17. (Hints: Your VLOOKUP formula in cell B6 will refer to Template A to find the cost that matches the description in cell A6 of Template B. Once a match is found your formula will instruct Excel to take the corresponding cost classification from Template A and insert it into cell B6 of Template B. Use absolute references where needed when creating your formula in cell B6 because this will enable you to copy the formula into cells B7 through B17.) b. What quality cost classification should appear in cells B9, B12, and B17? c. Using Exhibit 12-7 as your guide, prepare a quality cost report for Quarters 1 and 2 Your quality cost report should list prevention costs first followed by appraisal, Internal failure, and external failure costs. (Hints: First, sort all rows of data by quality cost classification (A-2). Second, select cells A5 through H17 and use the Excel's subtotal function to create subtotals within columns C through H by classification type. d. What are the first quarter's total prevention, appraisal, Internal failure, and external failure costs? What are the same four amounts for the second quarter? e. What are the first quarter's total prevention, appraisal, Internal failure, and external failure costs each stated as a percent of the first quarter's total cost of quality? What are the same four percentages for the second quarter? f. What are the first quarter's total prevention, appraisal, Internal failure, and external failure costs each stated as a percent of the first quarter's sales? What are the same four percentages for the second quarter? Complete this question by entering your answers in the tabs below. Req 23 Reg 2D Reg 2E Reg 2F What quality cost classification should appear in cells B9, B12, and B17? Inspection (cell B9) Quality engineering (cell B12) Warranty repairs (cell B17) A D E F G H J K L M N o P R S T U 1 2 3 4 Classification Q1% of Salec Q2 Amount Q2% of Sales Harvey Company Quality Cost Report (in thousands) Quarter 1 Q1 % of Total Q1 Amount Quality Cos $ 270 0.0% $ 3,200 0.0% $ 600 0.0% $ 1,700 0.0% $ 800 0.0% $ 3,500 0.0% $ 1,080 0.0% $ 1,400 0.0% $ 0.0% $ 30 0.0% $ 120 0.0% $ 3,300 0.0% 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 0.0% $ 390 200 1,100 2,770 1,300 600 1,650 1,600 270 40 680 2,800 Quarter 2 Q2% of Total Quality Cos 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 5 Cost Description Cost of testing equipment 7 Customer returns of defective goods 8 Downtime due to quality problems 9 Inspection 10 Net cost of scrap 11 Product recalls 12 Quality engineering 13 Rework labor 14 Statistical process control 15 Supplies used in testing 16 Systems development 17 Warranty repairs 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Pivottable PivotChart Subtotal VL00KUP Template A Template B