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Each unit of a product requires 5 components. The average number of components is 5.50 due to component failure. Purchasing higher quality components can reduce
Each unit of a product requires 5 components. The average number of components is 5.50 due to component failure. Purchasing higher quality components can reduce the average number of components to 5 per unit. The cost per component is $450. Calculate the reduction in failure costs per unit due to purchasing higher quality components.
$43 |
$350 |
$175 |
$225 |
$372 |
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