Craig Corp. manufactures radiation-shielding glass panels. : (Click the icon to view the information.) Requirements 1. Classify each item as a prevention cost, an appraisal cost, an internal failure cost, or an external failure cost. 2. Should Craig implement the new quality program? Give your reason. Requirement 1. Classify each item as a prevention cost, an appraisal cost, an internal failure cost, or an external failure cost. Data Table -X Type of Quality Cost Cost Strength-testing one item from each batch of panels Training employees in TQM Training suppliers in TQM Identifying preferred suppliers who commit to on-time delivery of perfect quality materials Avoid lost profits from lost sales due to disappointed customers Avoid rework and spoilage Avoid inspection of raw materials Suppose Craig is considering spending the following amounts on a new TQM program: Strength-testing one item from each batch of panels.. $ 67,000 Training employees in TQM. $ 29,000 Training suppliers in TQM $ 31,000 Identifying preferred suppliers that commit to on-time delivery of perfect quality materials .......$ 51,000 Craig expects the new program to save costs through the following: Avoid lost profits from lost sales due to disappointed customers ....$ 95,000 Avoid rework and spoilage..... $ 61,000 Avoid inspection of raw materials. 50,000 Avoid warranty costs. $ 17,000 Avoid warranty costs Requirement 2. Should Craig implement the new quality program? Give your reason. $ Craig implement the new quality program. The program would the company Print Done