QUESTION 2: Given the following cost elements, determine the total percentage in each of the four major quality cost categories of the PAF Model for the PEAK Tool Company. What recommendation(s) would you give top management at the company? Cost Element Incoming test and inspection Scrap Quality training Inspection Test Adjustment cost of complaints Quality audits Maintenance of tools and dies Quality control administration Laboratory testing Design of quality assurance equipment Material testing and inspection Rework Quality problem-solving by product engineers Inspection equipment calibration Writing procedures and instructions Laboratory services Rework due to vendor faults Correcting imperfections Setup for test and inspection Formal complaints to vendors Amount ($) 7,500 35,000 0 25,000 5,000 21,250 2,500 9,200 5,000 1,250 1,250 1.250 70,000 11,250 2,500 2,500 2,500 17,500 6,250 10,750 10,000 [30 marks]