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Fill in the production plan table below (enter your responses rounded to the nearest whole number)

Fill in the production plan table below (enter your responses rounded to the nearest whole number)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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 come your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table. Click the icon to view the forecasted sales. Fill in the production plan table below (enter your responses rounded to the nearest whole number). Workers needed to meet sales average-250 Month March Forecasted sales 1,509 Sales in worker hours 0 Actual Actual workers production 237 Layoffs Hiring Ending inventory 1,500
Transcribed Image Text: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 come your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table. Click the icon to view the forecasted sales. Fill in the production plan table below (enter your responses rounded to the nearest whole number). Workers needed to meet sales average-250 Month March Forecasted sales 1,509 Sales in worker hours 0 Actual Actual workers production 237 Layoffs Hiring Ending inventory 1,500
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 Show Transcribed Text Print G Month March April May June July August September October November December January February Layoff 13 $19,500 Done C Forecasted sales 1,509 1,422 1,145 1,033 1,420 1,932 2,486 2,566 2,966 2,969 2,547 2,005 Hiring 13 $52,000 $461,530 Inventory 39,003 $390,030 1,500 237 40 5 $4,000 $1,500 $10
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 Show Transcribed Text Print G Month March April May June July August September October November December January February Layoff 13 $19,500 Done C Forecasted sales 1,509 1,422 1,145 1,033 1,420 1,932 2,486 2,566 2,966 2,969 2,547 2,005 Hiring 13 $52,000 $461,530 Inventory 39,003 $390,030 1,500 237 40 5 $4,000 $1,500 $10
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