Walton Company has measured its quality costs for the past two years. After the company gathers...
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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 $ 389, 100 300 ,ר467 $ $ 837,400 $ 1,100,000 This Year $ 669,500 $ 545,000 $ 465,000 $ 612,000 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. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) Last Year Prevention costs Appraisal costs % Internal failure costs External failure costs Total percent 0.0 % 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) This Year Prevention costs Appraisal costs Internal failure costs External failure costs Total percent % 0.0 % 4a. Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Internal and external failure costs The total cost of quality 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 $ 389, 100 300 ,ר467 $ $ 837,400 $ 1,100,000 This Year $ 669,500 $ 545,000 $ 465,000 $ 612,000 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. For last year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) Last Year Prevention costs Appraisal costs % Internal failure costs External failure costs Total percent 0.0 % 3. For this year, calculate the cost in each of the four categories as a percent of the total cost of quality. (Round your percentage answers to 1 decimal place.) This Year Prevention costs Appraisal costs Internal failure costs External failure costs Total percent % 0.0 % 4a. Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Internal and external failure costs The total cost of quality
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Answer Solution 1 Last Year This Year Prevention costs 389100 669500 Appraisal costs 467300 545000 I... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison And Eric Noreen And Peter Brewer
Posted Date:
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