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Problem 12-19 (Static) Quality Cost Report [LO12-2] In response to intense foreign competition, Florex Company has taken steps to improve the quality of its products.

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Problem 12-19 (Static) Quality Cost Report [LO12-2] In response to intense foreign competition, Florex Company has taken steps to improve the quality of its products. A suminary 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 vour percentage answers to 2 decimal places (i.e 0.1234 should be entered e 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 0.12 12.34)

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