A2 Hide Transcribed TextExercise 12-8 (Algo) Cost of Quality [LO12-2] Walton Company measured its quality costs for the past two years and summarized those costsusing the four categories shown below: Required: 1. Calculate the total cost of quality last year and this year. 2. For last year, calculate the costin 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 apercent 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 afavorable or unfavorable direction? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 4A Req 4B Calculatethe total cost of quality last year and this year.Complete this question by entering your answers in the tabs below.Req 1Req 2Req 3Req 4AReq 48Calculate the change in total cost of quality over the two-year period.Prevention and appraisal activitiesInternal and external failure costsThe total cost of quality Exercise 12-8 (Algo) Cost of Quality [LO12-2]Walton Company measured its quality costs for the past two years and summarized those costs using the four categories shownbelow:Prevention costsAppraisal costsInternal failure costsExternal failure costsRequired: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?Last Year$ 321,300$ 405,000$ 758,400$ 1,177,000Complete this question by entering your answers in the tabs below.Req 1This Year$ 591,500$ 528,700$ 450,000$734,499Reg 2Req 3Req 4Acalculate the total cost of quality last year and this year.Last YearThis YearTotal cost of quality< Req 1Req 4BReg 2 >

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Exercise 12-8 (Algo) Cost of Quality [LO12-2] Welton Company measured its quality costs for the past two years and summarized those costs using the four categories shown below: Prevention costs Appraisal costs Internal failure costs External failure costs Last Year $ 321,300 $ 405,000 $ 755,400 $ 1,177,000 This Year $ 591,500 $ 528,700 $ 450,000 $ 734,400 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?

Exercise 12-8 (Algo) Cost of Quality [LO12-2] Welton Company measured its quality costs for the past two years and summarized those costs using the four categories shown below: Prevention costs Appraisal costs Internal failure costs External failure costs Last Year $ 321,300 $ 405,000 $ 755,400 $ 1,177,000 This Year $ 591,500 $ 528,700 $ 450,000 $ 734,400 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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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