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Assume that the labor rates for inspection have decreased to $ 2 5 per hour. What is the revised cost to inspect? Will your new
Assume that the labor rates for inspection have decreased to $ per hour. What is the revised cost to inspect? Will your new result affect your costbenefit analysis?Record this value in a cell below your first analysis, and highlight it in light green.Modify the worksheet to contain the original hourly labor rate Calculate the hourly labor cost that would be needed if total costs of inspection were $ Record this hourly rate in a third cell below the other two analyses, highlighted in light blue. Do not save the recalculated worksheet. Hint: To view the new labor rate easily without having to accept the changes, start your analysis from the Inspection Costs worksheet.
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