Cannon manufactures high-quality speakers. Suppose Cannon is considering spending the following amounts on a new quality program:

Cannon expects this quality program to save costs as follows:

It also expects this program to avoid lost profits from the following:

Requirements:

please help :)))

$ 830,000 Additional 20 minutes of testing for each speaker ..... Negotiating with and training suppliers to obtain higher-quality materials and on-time delivery... Redesigning the speakers to make them easier to manufacture... $ 300,600 $ 1,400,000 $ 207,000 Reduced warranty repair costs.. Avoid inspection of raw materials... Rework avoided because of fewer defective units $ 401,000 $ 658,000 $ 858,000 Lost sales due to disappointed customers ...... Lost production time due to rework.. $ 303,000 1. First classify each of these costs into one of the four categories of quality costs, then prepare a cost-benefit analysis of the proposed quality program based on the four categories identified. (Use a minus sign or parentheses for savings amounts.) Cost (Benefit) Analysis Costs (Savings) Prevention costs: (1) (2) Appraisal costs: (3) Internal failure costs: (5) (6) External failure costs: (8) Net cost (benefit from implementing quality program 2. Should Cannon implement the quality program? the new quality program. The company (10) by Cannon (9) implementing the new program