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E19-31 (similar to) Question Help Craig, Inc. manufactures door panels. Suppose Craig is considering spending the following amounts on a new total quality management (TOM) program: (Click the icon to view the information.) Craig expects the new program would save costs through the following: (Click the icon to view the information.) Read the requirements. Requirement 1. Classify each cost as a prevention cost, an appraisal cost, an internal failure cost, or an external failure cost. Cost Type of Quality Cost Strength-testing one item from each batch of panels * Data Table Requirements $ Avoid lost profits from lost sales due to disappointed customers Avoid rework and spoilage Avoid inspection of raw materials Avoid warranty costs 95,000 66,000 53,000 22,000 1. Classify each cost 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. Print Done i Data Table - X Strength-testing one item from each batch of panels Training employees in TQM Training suppliers in TQM Identifying suppliers who commit to on-time delivery of perfect quality materials 62,000 22,000 31,000 60,000