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Saved Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those
Saved Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs using the four categories shown below: Prevention costs Internal failure costs Appraisal costs External failure costs Required: Last Year $ 357,000 $ 409,400 $ 869,000 $ 1,078,000 This Year $ 695,500 $ 594,100 $545,000 $ 659,600 1. Calculate the total cost of quality last year and this year. 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. 4-a. Calculate the change in total cost of quality over the two-year period. 4-b. Is performance trending in a favorable or unfavorable direction? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 31 Required 4A Required 48 Calculate the change in total cost of quality over the two-year perifid. Prevention and appraisal activities Internal and external failure costs The total cost of quality
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