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Consider the manufacture of a mechanical component used in a copier machine. The parts are manufactured in a machining process at a rate of approximately

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Consider the manufacture of a mechanical component used in a copier machine. The parts are manufactured in a machining process at a rate of approximately 80 parts per day. For various reasons, the process is operating at a first-pass yield of about 75%. (That is, about 75% of the process output conforms to specifications, and about 25% of the output is nonconforming.) About 85% of the nonconforming can be reworked into an acceptable product, and the rest must be scrapped. The direct manufacturing cost through this stage of production per part is approximately $20. Parts that can be reworked incur an additional processing charge of $4. Therefore, the manufacturing cost per good part produced is (use three decimal points for the final answer)

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