Quality costs indices are often used to measure costs of quality relative to some financial measure, such as percent of sales. The following information on sales and quality costs were incurred in January 2024: Sales $510,000 Materials Inspection $43,500 Direct Materials Costs $70,000 Direct Labor Training $11,600 Direct Labor Costs $48,000 Batch Sampling Costs $7,800 Scrap and Rework Costs $16,400 Cost of Returns and Warranty $10,200 What is the quality of cost index? Answer in decimal format (i.e. O.XXX)

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 This Year Prevention costs $ 392,700 $ 708,500 Appraisal costs $ 413,900 $ 550,500 Internal failure costs $ 821,600 $ 465,000 External failure costs $ 1,122,000 $ 632,400 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?   1.Calculate the total cost of quality last year and 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…

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: This Year $ 357,000 $ 650,000 $ 445,000 $ 545,000 $ 790,000 $ 500,000 $1,100,000 $ 680,000 Last Year 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 $ 2,692,000 $ 2,375,000 2. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your answers to 1 decimal place.) Last Year Prevention costs 13.3 % Appraisal costs 16.5 % Internal failure costs % 40.9 % 70.7 % External failure costs Total percent

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   This Year   Prevention costs   $ 357,000   $ 650,000   Appraisal costs   $ 445,000   $ 545,000   Internal failure costs   $ 790,000   $ 500,000   External failure costs   $ 1,100,000   $ 680,000     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. (Round your answers to 1 decimal place.)   3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your answers to 1 decimal place.)   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?multiple choice Favorable Unfavorable

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 Last Year $ 378,400 $ 440,600 This Year $ 591,500 $ 550,500 $ 813,700 $ 455,000 $ 1,144,000 $ 652,800 External failure costs 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. Required 1 Required 2 Required 3 Required 4A Required 4B Calculate the total cost of quality last year and this year. Total…

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 $ 445,000 $ 790,000 $ 1,100,000 This Year $ 650,000 $ 545,000 $ 500,000 $ 680,000 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. Required 1 Required 2 Required 3 Required 4A Required 48 Calculate the change in total cost of quality over the two-year…

Walton 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 $ 324,900 $ 409,400 $ 869,000 $ 1,188,000 This Year $ 689,000 $ 545,000 $ 550,000 $ 673,200 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?

Walton 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 Required: Last Year This Year $ 389,100 $ 669,500 $ 467,300 $ 545,000 $ 837,400 $ 465,000 $ 1,100,000 $ 612,000 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. Required 1 Required 2 Required 3 Required 4A Required 4B Calculate the total cost of quality last year and this year. Total cost of quality Last Year This Year

Preparing a standard cost income Statement McCarthy Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018. The 2018 revenue and cost information for McCarthy follows: Assume each fender produced was sold for the standard price of $365, and total selling and administrative costs were $250,000. Prepare a standard cost income statement for 2018 for McCarthy Fender.

Which of the preceding costs is variable? Fixed? Mixed? Explain.