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10 Check my work 18 Problem 1A-4 Quality Cost Report (LO1-7, LOI 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 10 points sands This Print Inspection Quality engineering Depreciation of test equipment Revork labor Statistical process control Cost of field servicing Supplies used in testing Systens development Warranty repairs Net cost of scrap Product testing Produet recal1a Disposal of defective products $765s$ 1,584 $540675 $630225 s 1,2601,620 0 S225 $ 1,710 .170 81 630$ 900 $4.140 $ 1,260 540$1,530 9001,440 2,700$ 990 900$900 45 Sales have been flat over the past few years, at $90,000,000 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 thousands. Round your percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).)