A Quick Time Event (QTE) takes place for orange and yellow quality products. The QTE involves pressing numbers in order until the health of the product is depleted. When you fail a sequence your health is reduced by a certain amount. Your health/dmg is based on the tool you have equipped.
Haste/ACC: How fast each attempt in general takes and how often you fail at it. (Not entirely sure if correct on what this value does.)
HP/ATK: The health you have and damage you do during the QTE.