4 Help Set A company currently using an inspection process in its material receiving department is trying to install an overal cost reduction program. One possible reduction is the elimination of one inspection position. This position tests for which the probability of a material defect averages 004 By inspecting them the inspectors able to remove all defects. The inspector can inspect to per hour. The hourly rate including ringe benefits for this position is of the inspection posso seminte defects will go into product assembly and will have to be replaced later at a cost of $10 each when they we detected in final product testing Assume that the line will operate at the same rate ie, the inspection at the Inspection operation was mited -1. If the inspector position is eliminated, what will the hourly cost of defects be? Round your answer to 2 decimal places) 214 points Costur hon 3-2. Should this inspection position be eliminated based on costs alone? NO Yes b. What is the cost to inspect each unit? (Round your answer to 2 decimal places) 2 Cottorul c. Is there benefit (or loss) from the current inspection process? How much Input all amounts as positive values Round your answers to 2 decimal places.) Hourly Por unit