FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 1
Last Year
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?
Required 2
$ 357,000
$ 445,000
$ 790,000
$ 1,100,000
Complete this question by entering your answers in the tabs below.
Total cost of quality
This Year
$ 650,000
$ 545,000
$ 500,000
$ 680,000
Required 3 Required 4A Required 4B
Calculate the total cost of quality last year and this year.
Last Year
This Year
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Transcribed Image Text: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 1 Last Year 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? Required 2 $ 357,000 $ 445,000 $ 790,000 $ 1,100,000 Complete this question by entering your answers in the tabs below. Total cost of quality This Year $ 650,000 $ 545,000 $ 500,000 $ 680,000 Required 3 Required 4A Required 4B Calculate the total cost of quality last year and this year. Last Year This Year
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