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Based on the table above, what is the cost of hiring workers for the 3rd period?

Based on the table above, what is the cost of hiring workers for the 3rd period?

Practical Management Science
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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Based on the table above, what is the cost of hiring workers for the 3rd period?
Transcribed Image Text:Based on the table above, what is the cost of hiring workers for the 3rd period?
Use the following information for problema 43-46. The problem setting will repeat for each question. Currently Company Alpha has a labor force of 10 people, which can produce 50 units per period. The cost of labor is $2.000 per worker per period. No overtime and subcontracting are allowed. As a result, Company Alpha can increase or decrease production by hiring or laying off employees. Hiring cost is $600 per employee and layoff cost is $800 per empuyss. inventory carrying cost is $180 per unit for the entire year. There is 260 units begon ig inventory and the manager want to have an ending inventory of 200 units at the end of june. The production information is given below. Develop a level strategy production plan. Month Jan Feb March April May June Demand forecast 900 750 700 750 600 800
Transcribed Image Text:Use the following information for problema 43-46. The problem setting will repeat for each question. Currently Company Alpha has a labor force of 10 people, which can produce 50 units per period. The cost of labor is $2.000 per worker per period. No overtime and subcontracting are allowed. As a result, Company Alpha can increase or decrease production by hiring or laying off employees. Hiring cost is $600 per employee and layoff cost is $800 per empuyss. inventory carrying cost is $180 per unit for the entire year. There is 260 units begon ig inventory and the manager want to have an ending inventory of 200 units at the end of june. The production information is given below. Develop a level strategy production plan. Month Jan Feb March April May June Demand forecast 900 750 700 750 600 800
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