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Complete the chase production​ plan, using the following information. The only costs you need to consider here are​ layoff, hiring, and inventory costs. If you complete the plan​ correctly, your​ hiring, layoff, and inventory costs should match those given here. Month    Forecasted sales March    1,890 April    1,548 May    1,512 June    1,017 July    1,971 August    2,475 September    2,871 October    2,673 November    3,573 December    3,600 January    2,655 February    2,286

Complete the chase production​ plan, using the following information. The only costs you need to consider here are​ layoff, hiring, and inventory costs. If you complete the plan​ correctly, your​ hiring, layoff, and inventory costs should match those given here. Month    Forecasted sales March    1,890 April    1,548 May    1,512 June    1,017 July    1,971 August    2,475 September    2,871 October    2,673 November    3,573 December    3,600 January    2,655 February    2,286

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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Complete the chase production​ plan, using the following information. The only costs you need to consider here are​ layoff, hiring, and inventory costs. If you complete the plan​ correctly, your​ hiring, layoff, and inventory costs should match those given here.
Month    Forecasted sales
March    1,890
April    1,548
May    1,512
June    1,017
July    1,971
August    2,475
September    2,871
October    2,673
November    3,573
December    3,600
January    2,655
February    2,286
 
Fill in the production plan table below (enter your responses as whole numbers). Sales in worker hours to meet sales average = 260 Month Forecasted sales Actual workers Actual production Layoffs Hiring Ending inventory
Transcribed Image Text:Fill in the production plan table below (enter your responses as whole numbers). Sales in worker hours to meet sales average = 260 Month Forecasted sales Actual workers Actual production Layoffs Hiring Ending inventory
Totals Costs Cost of plan Planning values Starting inventory Starting and ending workforce Hours worked per month per worker Hours per unit Hiring cost per worker Layoff cost per worker Monthly per-unit holding cost Layoff 309 $927,000 Hiring Inventory 309 24,000 $1,236,000 $216,000 $2,379,000 2,000 234 360 40 $4,000 $3,000 $9
Transcribed Image Text:Totals Costs Cost of plan Planning values Starting inventory Starting and ending workforce Hours worked per month per worker Hours per unit Hiring cost per worker Layoff cost per worker Monthly per-unit holding cost Layoff 309 $927,000 Hiring Inventory 309 24,000 $1,236,000 $216,000 $2,379,000 2,000 234 360 40 $4,000 $3,000 $9
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