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Complete the level 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.

Complete the level 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.

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 level 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    1,539
April    1,422
May    1,162
June    934
July    1,427
August    2,089
September    2,575
October    2,564
November    3,023
December    3,017
January    2,552
February    2,104

Fill in the production plan table below (enter your responses rounded to the nearest whole number). Workers needed to meet sales average = 226 Month Forecasted sales Sales in worker hours Actual Actual workers production 177 Layoffs Hiring Ending inventory 3.000
Transcribed Image Text:Fill in the production plan table below (enter your responses rounded to the nearest whole number). Workers needed to meet sales average = 226 Month Forecasted sales Sales in worker hours Actual Actual workers production 177 Layoffs Hiring Ending inventory 3.000
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 49 $171,500 Hiring 49 $196,000 $656,780 Inventory 57,856 $289,280 3,000 177 45 5 $4,000 $3,500 $5
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 49 $171,500 Hiring 49 $196,000 $656,780 Inventory 57,856 $289,280 3,000 177 45 5 $4,000 $3,500 $5
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