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Last Year This Year otal cost of quality $ 2,692,000 $ 2,375,000 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 ecimal place.) Last Year revention costs 13.3 % ppraisal costs 16.5 % ternal failure costs external failure costs 40.9 % otal percent 70.7 %

Last Year This Year otal cost of quality $ 2,692,000 $ 2,375,000 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 ecimal place.) Last Year revention costs 13.3 % ppraisal costs 16.5 % ternal failure costs external failure costs 40.9 % otal percent 70.7 %

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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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.) This Year Prevention costs % Appraisal costs % Internal failure costs External failure costs % Total percent 0.0 % 4-a. 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
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 answers to 1 decimal place.) This Year Prevention costs % Appraisal costs % Internal failure costs External failure costs % Total percent 0.0 % 4-a. 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: This Year Last Year $ 357,000 $ 650,000 $ 445,000 $ 545,000 $ 790,000 $1,100,000 $ 680,000 Prevention costs Appraisal costs Internal failure costs 500,000 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 % External failure costs 40.9 % Total percent 70.7 %
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: This Year Last Year $ 357,000 $ 650,000 $ 445,000 $ 545,000 $ 790,000 $1,100,000 $ 680,000 Prevention costs Appraisal costs Internal failure costs 500,000 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 % External failure costs 40.9 % Total percent 70.7 %
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