I need help with this one please thank you Disposal OI uerective prvaucts> YUU> 0JUSales have been flat over the past few years, at $75,000,000 per year. A great deal of money has been spent in the effort to upgradequality, and management is anxious to see whether or not the effort has been effective.Required:1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousands. Round yourpercentage answers to 2 decimal places (i.e O.1234 should be entered as 12.34).)Florex CompanyQuality Cost ReportLast YearThis YearAmount (in Percent ofthousands)Amount (inthousands)Percent ofSalesSalesPrevention costs:Total prevention costs0.000.00Appraisal costsTotal appraisal costs0.000.00Internal failure costs:Total internal failure costs0.000.00External failure costs:Total external failure costs0.000.00Total quality cost In response to intensive foreign competition, the management of Florex Company has attempted over the past year to improve thequality of its products. A statistical process control system has been installed and other steps have been taken to decrease the amountof warranty and other field costs, which have been trending upward over the past several years. Costs relating to quality and qualitycontrol over the last two years are given below:Costs (in thousands)Last YearThis Year$ 450$ 390$ 240$ 1,080$ 0$ 1,275$ 60$ 510$ 3,375$ 540$ 900$ 2,100$ 900$ 795$ 675$ 150$ 2,100$ 225$ 900$ 30$ 750$ 1,125$ 1,050$ 1,800$ 225$ 630InspectionQuality engineeringDepreciation of test equipmentRework laborStatistical process controlCost of field servicingSupplies used in testingSystems developmentWarranty repairsNet cost of scrapProduct testingProduct recallsDisposal of defective productsSales have been flat over the past few years, at $75,000,000 per year. A great deal of money has been spent in the effort to upgradequality, and management is anxious to see whether or not the effort has been effective.Required:1. Prepare a quality cost report that contains data for both this year and last year. (Enter amount values in thousands. Round yourpercentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).)Florex CompanyQuality Cost ReportLast YearThis YearAmount (in Percent ofthousands)Amount (inthousands)Percent ofSalesSalesPrevention costs:Total prevention costs0.000.00Appraisal costsTotal appraisal costs0.000.00Internal failure costs:

Quality cost is the cost incurred due to non-conformance of quality levels or the cost incurred to…

quired: Prepare a quality cost report that contains data for both this year and last year. (Enter amount rcentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).) Florex Company Quality Cost Report Last Year This Year Amount (in Percent of Amount (in Sales Percent of Sales thousands) thousands) revention costs: otal prevention costs 0.00 0.00 praisal costs otal appraisal costs 0.00 0.00 ternal failure costs: otal internal failure costs 0.00 0.00 kternal failure costs: otal external failure costs 0.00 0.00 otal quality cost