Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers). Hiring and Layoff Plan Quarter Forecast Production Hire (Units) Layoff (Units) 1,600 1 1,400 1400 00 200 Part 3 2 1,100 1100 00 300 Part 4 3 1,700 1700 600 00 Part 5 4 1,300 1300 00 400 Part 6 The total cost, including normal time labor costs, for this hiring and layoffs plan is $290000 (enter your response as a whole number). Part 7 b) Try a plan that holds employment steady (level strategy) by producing the average forecast for all four quarters (enter your responses as whole numbers). Level Plan Quarter Forecast Production Ending Inventory Shortage (Units) Hire (Units) Layoff (Units) 1,600 0 1 1,400 enter your response here enter your response here enter your response here enter your response here enter your response here
Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers). Hiring and Layoff Plan Quarter Forecast Production Hire (Units) Layoff (Units) 1,600 1 1,400 1400 00 200 Part 3 2 1,100 1100 00 300 Part 4 3 1,700 1700 600 00 Part 5 4 1,300 1300 00 400 Part 6 The total cost, including normal time labor costs, for this hiring and layoffs plan is $290000 (enter your response as a whole number). Part 7 b) Try a plan that holds employment steady (level strategy) by producing the average forecast for all four quarters (enter your responses as whole numbers). Level Plan Quarter Forecast Production Ending Inventory Shortage (Units) Hire (Units) Layoff (Units) 1,600 0 1 1,400 enter your response here enter your response here enter your response here enter your response here enter your response here
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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Question
Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast .
the four-quarter forecast.
|
Quarter
|
Forecast
|
|
1
|
1,400
|
|
2
|
1,100
|
|
3
|
1,700
|
|
4
|
1,300
|
|
Costs
|
|
|
Previous quarter's output
|
1,600
units |
|
Beginning inventory
|
0
units |
|
Stockout cost for backorders
|
$55
per unit |
|
Inventory holding cost
|
$11
per unit for every unit held at the end of the quarter |
|
Hiring workers
|
$50
per unit |
|
Layoff workers
|
$75
per unit |
|
Unit cost
|
$35
per unit |
|
Overtime
|
$20
extra per unit |
|
Subcontracting
|
Not available
|
Your job is to develop an aggregate plan for the next four quarters.
Part 2
a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers).
|
Hiring and Layoff Plan
|
||||
|
Quarter
|
Forecast
|
Production
|
Hire
(Units)
|
Layoff
(Units)
|
|
|
|
1,600
|
|
|
|
1
|
1,400
|
1400
|
00
|
200
|
Part 3
|
2
|
1,100
|
1100
|
00
|
300
|
Part 4
|
3
|
1,700
|
1700
|
600
|
00
|
Part 5
|
4
|
1,300
|
1300
|
00
|
400
|
Part 6
The total cost, including normal time labor costs, for this hiring and layoffs plan is
$290000
(enter your response as a whole number).Part 7
b) Try a plan that holds employment steady (level strategy) by producing the average forecast for all four quarters (enter your responses as whole numbers).
|
Level Plan
|
||||||
|
Quarter
|
Forecast
|
Production
|
Ending Inventory
|
Shortage
(Units)
|
Hire
(Units)
|
Layoff
(Units)
|
|
|
|
1,600
|
0
|
|
|
|
|
1
|
1,400
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
enter your response here
|
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