Select your language

Suggested languages for you:
Log In Start studying!
Answers without the blur. Just sign up for free and you're in → Illustration

1OQ(b)

Expert-verified
Operations And Supply Chain Management
Found in: Page 345
Operations And Supply Chain Management

Operations And Supply Chain Management

Book edition 14th
Author(s) F. Robert Jacobs
Pages 800 pages
ISBN 9780078024023

Short Answer

Question: What is the cost to inspect each unit?

Answer

A sum of money must be paid or spent to acquire or gain anything.

See the step by step solution

Step by Step Solution

Step 1: Cost

Step 1: Cost

The cost is the amount of money that a firm has to spend to create its products or services. It is determined as the amount spent by a corporation to create a specific unit of a good.

Step 2: Calculation of how to inspect the cost of each unit

Step 2: Calculation of how to inspect the cost of each unit

The formula is given below:

An inspection cost per unit = inspection expense each hour divided by the total of inspections completed each hour.

The cost of inspection per hour is 9, and the number of inspections completed each hour is 50.

= 9 / 50

= 1.80 dollar

Recommended explanations on Business-studies Textbooks

94% of StudySmarter users get better grades.

Sign up for free
94% of StudySmarter users get better grades.