In response to Intense foreign competition, Florex Company has taken steps to Improve the quality of its products. A summary of Its quality costs (in thousands) over the past two years is given below: Inspection Quality engineering Depreciation of test equipment Rework labor statistical process control Cost of field servicing Supplies used in testing Systems development Warranty repairs Prevention costs: $ 1,080 $ 54 $ 900 $ 1,530 $ 1,080 Net cost of scrap Product testing $ 1,080 $ 1,350 Product recalls $ 3,105 $ 990 Disposal of production defects $ 720 $ 1,080 Sales have been flat over the past few years, at $90,000,000 per year. Total prevention costs Appraisal costs Total appraisal costs Internal failure costs: Costs (in thousands) Last Year $ 900 Total internal failure costs External failure costs: Total external failure costs Total quality cost Required: 1. Prepare a quality cost report for this year and last year. Note: Enter amount values in thousands. Round your percentage answers to 2 decimal places (l.e 0.1234 should be entered as 12.34). $ 270 $ 675 $ 990 se $ 1,350 0 Florex Company Quality Cost Report 0 $ 45 $ 630 0 $ 3,825 $ 810 0 Last Year Amount (in Percent of Amount (in thousands) Sales thousands) This Year $ 1,701 $ 675 $ 270 0.00 0.00 $ 1,620 $ 225 0.00 0.00 This Year 0 0 0 0 Percent of Sales 0.00 0.00 0.00 0.00

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.