A company currently using an inspection process in its material receiving department is trying to an overall cost reduction program. One pouble reduction is the nation of one respection hour. The hourly rate including ringe benefits for this position is $9If the inspection position is liminated detects will go into product assemblysed will have to be replaced at a cost of sch when they are detected in final product testing Assume that the line will operate at the same rate (le the inspection rate the inspection operation was eliminated 0-1. the inspector position is eliminated, what will the tourly cost of defects be? (Round your answer to 2 decimal places.) Cost per hour Assume that the line will operate at the same rate (.e. the inspection rate) if the inspection operation was eliminated. a-1. If the inspector position is eliminated, what will the hourly cost of defects be? (Round your answer to 2 decimal places. Cost per hour a-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.) Cost per unit $ 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 Hourly Per unit (Click to select) company currently using an inspection process in its material receiving department is trying to install an overall cost reduction program. On osition. This position tests items for which the probability of a material defect averages 0.04. By inspecting all items, the inspector is able to our. The hourly rate including fringe benefits for this position is $8. If the inspection position is eliminated, defects will go into product assem hen they are detected in final product testing. pection process in its material receiving department is trying to install an overall cost reduction program. One possible reduction is the elimination of one inspection for which the probability of a material defect averages 0.04. By inspecting all items, the inspector is able to remove all defects. The inspector can inspect 53 units per ge benefits for this position is $8. If the inspection position is eliminated, defects will go into product assembly and will have to be replaced later at a cost of $9 each dud testing the same rate (le, the inspection rate if the innen