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Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, it summarizes those costs
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: Last Year $ 324,900 $ 440,600 $ 734,700 $ 1,023,000 This Year $ 604,500 $ 517,800 $450,000 $ 727,600 Prevention costs Appraisal costs Internal failure costs External failure costs Required: 1. Calculate the total cost of quality last year and this year. Last Year This Year Total cost of quality 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) Last Year Prevention costs Appraisal costs internal failure costs External failure costs Total percent % % % 0.0 %
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