Chapter 10 Assignment - Help Save & E Sum Check my work 10 Problem 10-17 (Algo) 1 pointe 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 material that has a defective content on the average of 0.03. By inspecting all items, the Inspector is able to remove all defects. The inspector can inspect 52 units per hour The hourly rate including fringe benefits for this position is $11. If the inspection position is eliminated, defects will go into product assembly and will have to be replaced later at a cost of $12 each when they are detected in final product testing Assume that the line will operate at the same rate the inspection rate if the inspection operation was eliminated -1, the inspector position is eliminate what will the hourly cost of defects be? (Round your answer to 2 decimal places.) References Cost per hour -2. Should this inspection position be eliminated based on costs alone? O NO Yes Help Beve & Submit Check my w 10 O No 1 Yes b. What is the cost to inspect each unit? (Round your answer to 2 decimal places) Cost per c. Is there benefit for loss) from the current inspection process? How much input all amounts as positive values. Round your answers to 2 decimal places.) Hourly Per