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Problem 12-19 (Algo) Quality Cost Report [LO12-2] In response to intensive foreign competition, the manngement of Florex Company has attempted over the past year to

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Problem 12-19 (Algo) Quality Cost Report [LO12-2] In response to intensive foreign competition, the manngement 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 stops hwe 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: Sales have been fat over the past few years, at $75,000,000 per yeac. 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 (l.e 0.1234 should be entered as 12.34 ).)

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