Question
The purpose of this exercise is to analyze how cost changes in the operations of a quality control department impact the overall cost of quality
The purpose of this exercise is to analyze how cost changes in the operations of a quality control department impact the overall cost of quality for a manufacturing company. The Quality Control worksheet contains two years of cost data for four components of a quality control department: prevention, inspection, internal failure, and external failure. You will see that total quality costs decreased from year 1 to year 2. Create a chart that you believe is most appropriate to present the change in costs from one year to the next. The requirements are as follows:
The chart should show which components are increasing or decreasing from year 1 to year 2. In addition, the dollar value for each component should appear on the chart for each year.
The total quality control costs for each year should be specified on the chart.
The chart should appear in a separate chart sheet.
You should include appropriate formatting techniques covered in this chapter.
Please show work in Excel
Quality Control Costs | ||
Cost Category | Year 1 | Year 2 |
Prevention | $ 540,000 | $ 1,100,000 |
Inspection | $ 950,000 | $ 1,400,000 |
Internal Failure | $1,250,000 | $ 2,500,000 |
External Failure | $5,700,000 | $ 1,800,000 |
Total | $8,440,000 | $ 6,800,000 |
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