Walton Company has measured its quality costs for the past two years. After the company gathers its quality cost data, i

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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 using the four categories shown below: Prevention costs Appraisal costs Internal failure costs External failure costs Last Year $ 357,000 $ 409,400 $ 869,000 $1,078,000 This Year $ 695,500 $ 594,100 $ 545,000 $659,600 Required: 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. Total cost of quality Required 1 Required 2 Calculate the total cost of quality last year and this year. Last Year Required 3 Required 4A Required 48 This Year Required 2 >
Required 1 Required 2 Required 3 For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. Note: Round your answers to 1 decimal place. Prevention costs Appraisal costs Internal failure costs External failure costs Total percent Last Year % % % % Required 4A Required 48
Required 1 Required 2 Required 3 Required 4A Required 48 For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. Note: Round your answers to 1 decimal place. Prevention costs Appraisal costs Internal failure costs External failure costs Total percent This Year % *** % % % %
Required 1 Required 2 Required 3 Requires 4A Required 4B Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Internal and external failure costs The total cost of quality
Required 1 Required 2 Required 3 Required 4A Required 48 Is performance trending in a favorable or unfavorable direction? OFavorable OUnfavorable