Question: A production process has a 3 percent defect rate. The current production rate is 51 units per hour, and there is a cost of $11
A production process has a 3 percent defect rate. The current production rate is 51 units per hour, and there is a cost of $11 per defective unit to correct the defects. a. Using the info given, what will be the hourly cost of defects? Round your answer to 2 decimal places (e.g., $123.45)
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