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Construct a plan that holds employment steady (level strategy) by producing the average forecast for all four quarters (enter your responses as whole numbers). 2 Quarter 2 3 Forecast 1,900 1,200 1,600 800 Level Plan Ending Hire Production Inventory Shortage (Units) 1,300 1,375 1375 1375 1375 0 0 0 525 350 575 0 not including normal time labor costs, for this level plan is S 75 0 0 0 Layoff (Units) 0000 (enter your response as a

Construct a plan that holds employment steady (level strategy) by producing the average forecast for all four quarters (enter your responses as whole numbers). 2 Quarter 2 3 Forecast 1,900 1,200 1,600 800 Level Plan Ending Hire Production Inventory Shortage (Units) 1,300 1,375 1375 1375 1375 0 0 0 525 350 575 0 not including normal time labor costs, for this level plan is S 75 0 0 0 Layoff (Units) 0000 (enter your response as a

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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The total cost, including normal time labor costs, for this hiring and layoffs plan is $ 310,000 (enter your response as a whole number). Construct a plan that holds employment steady (level strategy) by producing the average forecast for all four quarters (enter your responses as whole numbers). Quarter 1 2 Level Plan Ending Hire Forecast Production Inventory Shortage (Units) 1,300 1,375 1375 1375 1375 1,900 1,200 1,600 800 0 0 0 525 350 575 0 75 0 0 0 Layoff (Units) 0 0 0 The total cost, including normal time labor costs, for this level plan is $ (enter your response as a whole number).
Transcribed Image Text:The total cost, including normal time labor costs, for this hiring and layoffs plan is $ 310,000 (enter your response as a whole number). Construct a plan that holds employment steady (level strategy) by producing the average forecast for all four quarters (enter your responses as whole numbers). Quarter 1 2 Level Plan Ending Hire Forecast Production Inventory Shortage (Units) 1,300 1,375 1375 1375 1375 1,900 1,200 1,600 800 0 0 0 525 350 575 0 75 0 0 0 Layoff (Units) 0 0 0 The total cost, including normal time labor costs, for this level plan is $ (enter your response as a whole number).
Costs/Other Data Previous quarter's output = 1,300 cases Beginning inventory = 0 cases Stockout cost of backorders = $140 per case Inventory holding cost = $45 per case at end of quarter Hiring employees = $40 per case Terminating employees = $70 per case Subcontracting cost = $65 per case Unit cost on regular time = $30 per case Overtime cost = $10 extra per case Capacity on regular time = 1,900 cases per quarter valua ast еса: s wh
Transcribed Image Text:Costs/Other Data Previous quarter's output = 1,300 cases Beginning inventory = 0 cases Stockout cost of backorders = $140 per case Inventory holding cost = $45 per case at end of quarter Hiring employees = $40 per case Terminating employees = $70 per case Subcontracting cost = $65 per case Unit cost on regular time = $30 per case Overtime cost = $10 extra per case Capacity on regular time = 1,900 cases per quarter valua ast еса: s wh
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