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In response to intense foreign competition, Florex Company has taken steps to improve the quality of its products. A summary of its quality costs (in

image text in transcribedimage text in transcribedimage text in transcribed In response to intense foreign competition, Florex Company has taken steps to improve the quality of its products. A summary of its quality costs (in thousands) over the past two years is given below: Sales have been flat over the past few years, at $75,000,000 per year. Required: 1. Prepare a quality cost report for this year and last year. Note: Enter amount values in thousands. Round your percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34). \begin{tabular}{|l|l|l|l|l|} \hline \multicolumn{4}{|c|}{ Florex Company } \\ \hline \multicolumn{2}{|c|}{ Quality Cost Report } \\ \hline & \multicolumn{2}{|c|}{ Last Year } & \multicolumn{2}{|c|}{ This Year } \\ \hline & \begin{tabular}{c} Amount (in \\ thousands) \end{tabular} & \begin{tabular}{c} Percent of \\ Sales \end{tabular} & \begin{tabular}{c} Amount (in \\ thousands) \end{tabular} & \begin{tabular}{c} Percent of \\ Sales \end{tabular} \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline Prevention costs: & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline Total prevention costs & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline Total appraisal costs & & & & \\ \hline Internal failure costs: & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline Total internal failure costs & & & & \\ \hline External failure costs: & & & & \\ \hline & & & & \\ \hline \end{tabular}

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