Question 3A firm practices a pure chase strategy. Production last quarter was 1,154. Demand over the next four quarters is estimated tobe 1,135, 1.013, 1.000, and 1.148. Hiring cost is $16 per unit, and layoff cost is $4 per unit. Over the next year, what will be thesum of hiring and firing costs?Input should be an exact number (for example, 5 or 10).Question 4A firm practices a pure level strategy that sets the production level at the average demand over the next four periods. Inventorylast quarter was 0. The extra units produced are stored in a warehouse. The extra units needed are subcontracted. Demand overthe next four quarters is estimated to be 915, 1,155, 846, and 803. Production cost is $23 per unit, and Inventory cost is $7 perunit. What is the production level at this firm?keep two decimals if not exact, either round up or down is ok. For example, for 0.1346, (0.13 or 13) and (0.14 or 14) are correct.

Cost-per-hire is one of the most significant and most ordinarily utilized hirings and selecting…

Answered: A firm practices a pure chase strategy.…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Let's say the following numbers are available after an analysis, what is the CTO? (contribution to overhead) Sales = $ 1.00 Variable costs = 0.8964 What is the CTO? This means the amount that can be applied. to overhead after all variable costs are paid. This was calculated as a % of sales. 7. Calculate breakeven point. How many units (dollars) of sales are needed to completely cover all costs? Breakeven = Fixed costs_ Sales dollars) 1.0 Variable costs as a portion of net sales Breakeven = Fixed Costs. Selling price per unit - variable cost per unit Fixed costs are $1,149,722. CTO figure from above. Calculate the breakeven sales volume in dollars Write your answer here. (Sales units)
A Company is interested in developing a quarterly aggregate production plan but they are not sure if a level strategy with backorders or a chase strategy would be better. They have the following information available regarding their production operation: Hiring workers Layoff workers Inventory holding Cost Stockout cost for backorders Production (Labor) cost Subcontracting cost Previous quarter's production Beginning inventoy Quarter forecasts are 2000, 6000, 4000, 5000, respectively. This problem has questions. Suppose that you want to use a level plan with backorders (one that produces at the average demand over the four quarters). Answer the next two questions using this plan. Do not round your intermediate calculations. Round your final answer to the nearest whole number. What would be your production rate each month? A. 4250 B. 3500 C. 4250, 3000, 4000, 5000 D. 2000, 6000, 4000, 5000 What is the ending inventory in Quarter 2 A. 500 B. 2250 C. 2500 D. 0 Suppose that you want to use…
please answer all parts of the question within 30 minutes with detailed explanation. Make sure calculation form part of the answer and are in details for better understanding. If calculations are not shown or are poorly done i will surely give negative ratings.
14
The total planned expenditures is called as aggregate demand Select one: True False
The table below provides the aggregate plan of production by a firm. It is known that the firm uses a chase plan. The firm’s labor cost is $10/unit, hiring cost is $200 per unit of increase, and unit firing cost is $400 per unit of decrease in production. Given this information, what is the number in the cell with the question mark?
Hand written solutions are strictly prohibited
Fast asp possible final answers decimals and take note of the three decimal places
evelop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 9,700; winter, 8,000; spring, 7,000; summer, 11,700. Inventory at the beginning of fall is 485 units. At the beginning of fall you currently have 35 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring only if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $80 for each temp; layoff, $160 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that…

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