Question: What is the cost to inspect each unit?

Short Answer

Expert verified

Answer

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

Step by step solution

01

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.

02

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

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