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I need help with just 4a please thank you.

I need help with just 4a please thank you.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need help with just 4a please thank you.

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 25.7 % Appraisal costs 22.9 % Internal failure costs 19.5 % External failure costs 31.9 % Total percent 100.0 % 4a. Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Increased Internal and external failure costs Decreased The total cost of quality Decreased 4b. Is performance trending in a favorable or unfavorable direction? Favorable O Unfavorable
Transcribed Image Text: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 25.7 % Appraisal costs 22.9 % Internal failure costs 19.5 % External failure costs 31.9 % Total percent 100.0 % 4a. Calculate the change in total cost of quality over the two-year period. Prevention and appraisal activities Increased Internal and external failure costs Decreased The total cost of quality Decreased 4b. Is performance trending in a favorable or unfavorable direction? Favorable O 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: Last Year This Year $ 321,300 $ 405,000 $ 758,400 $ 1,177,000 $ 591,500 $ 528,700 $ 450,000 $ 734,400 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 $ 2,661,700 $ 2,304,600 2. For last year, calcula answers to 1 decimal place.) cost in each of the four categories as a percent of total of quality. (Round your percentage Last Year Prevention costs 12.1 % Appraisal costs 15.2 % Internal failure costs 28.5 % External failure costs 44.2 % Total percent 100.0 % 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 25.7 % Appraisal costs 22.9 %
Transcribed Image Text: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 $ 321,300 $ 405,000 $ 758,400 $ 1,177,000 $ 591,500 $ 528,700 $ 450,000 $ 734,400 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 $ 2,661,700 $ 2,304,600 2. For last year, calcula answers to 1 decimal place.) cost in each of the four categories as a percent of total of quality. (Round your percentage Last Year Prevention costs 12.1 % Appraisal costs 15.2 % Internal failure costs 28.5 % External failure costs 44.2 % Total percent 100.0 % 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 25.7 % Appraisal costs 22.9 %
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