Please do not write in column AProblem 6 Given the following forecast and cost information,determine the total cost of a plan that uses regular timeproduction output of 600 units per month, overtime isused when needed up to a maximum of 60 units permonth, and subcontracting is used if additional units areneeded to meet the forecast.Regular time cost$40.00 per unitOvertime cost$60.00 per unitsubcontracting cost$80.00 per unitholding cost$10.00 per unit per monthProductionInventoryCostsMonthForecastLevelProductionOvertimeSubcontractingTotalHolding Cost Regular Time OvertimeSubcontractingTotal Cost1563026083648466856666688Totals

Step 1Identify the production capacity and costs. Regular time production: 600 units/month at…

Answered: Please do not write in column A Problem…

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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22 es The table below provides Big Lake Bob's production possibilities schedule, which describes various combinations of fishing lures and duck decoys he can carve efficiently in a week. Big Lake Bob's Production Possibilities Schedule Fishing Lures Duck Decoys 100 80 6 60 12 40 18 20 0 24 30 a. Graph Big Lake Bob's production possibilities frontier using the information in the table above. Instructions: Use the tool provided "PPF" to plot the production possibilities frontier point by point (6 points total). Big Lake Bob's Production Possibilities Frontier S 36 30 24 Tools PPF
Forecast Data is given within problem. Cost Data is attached Southeast Soda Pop, Inc., has a new fruit drink for which it has high hopes. John Mittenthal, the production planner, has assembled the following cost data and demand forecast: LOADING... Click the icon to view the demand forecast. LOADING... Click the icon to view the cost data. John's job is to develop an aggregate plan. The three initial options he wants to evaluate are: • Plan A: a strategy that hires and fires personnel as necessary to meet the forecast. • Plan B: a level strategy. • Plan C: a level strategy that produces 1,000 cases per quarter and meets the forecast demand with inventory and subcontracting. Part 2 a) Which strategy is the lowest-cost plan? 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)…
5 X Month fx B C D E F G H Problem 7 Given the following forecast and cost information, determine the total cost of a chase plan that uses regular time production output of 400 units per month, overtime is used when needed up to a maximum of 40 units per month, and subcontracting is used if additional units are needed to meet the forecast. 1 2 3 45 6 Font Forecast Cover 440 400 450 460 480 490 Totals Problem 6 Accessibility: Investigate √5 Level Production. Production Overtime Problem 7 Alignment Subcontr acting Inventory Total Holding Cost Problem 8 Problem 18 F Number Ty Costs Formatting Table Styles Production Costs. Regular Overtime Subcontracting $ 555 E 50.00 65.00 75.00 Regular Time Overtime Subcontracting Total Cost M
Id-6c An aggregate plan provides justification for: Select one: a. the budget amount requested b. demand for individual products c. demand for product families d. the demand for the parts of each product and. number of customers
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Hi, I need help determining the correct answer to this Operations Management problem. Thank you!
a) GOT7 Soda Pop, Inc., has a new fruits drink. The production planner has assembled the following cost data and demand forecast as follow: [GOT7 Soda Pop, Inc., mempunyai minuman buah-buahan yang baru, Perancang pengeluaran telah mengumpul data tentang kos dan ramalan permintaan seperti berikut:] Quarter Demand 1,800 First Second 1,200 Third 1,600 Fourth 1,300 Table 1: Cost and demand forecast [Jadual 1: Kos dan ramalan permintaan] Previous quater's output 1,300 cases Beginning inventory 0 cases Stockout cost Inventory holding cost Hiring employees Terminating employees Subcontracting cost Unit cost on regular time Overtime cost RM150 RM40 per case at the end of quater RM40 per case RM80 per case RM60 per case RM30 per case RM15 extra per case You as the production planner need to develop an aggregate planning. You are required to: [Anda sebagai perancang pengeluaran perlu membangunkan perancangan agregat Anda dikehendaki untuk:] i) Assess plan A: strategy that hires and fires…
The Silver Star Bicycle Company will be manufacturing both men's and women's models of its Easy-Pedal 10-speed bicycles during the next two months. Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 150 men's and 125 women's models to be shipped during the first month and 200 men's and 150 women's models to be shipped during the second month. Additional data are shown: Production Labor Requirements (hours) Current Model Costs Manufacturing Assembly Inventory Men's $120 2.0 1.5 20 Women's $90 1.6 1.0 30 Last month the company used a total of 1000 hours of labor. The company's labor relations policy will not allow the combined total hours of labor (manufacturing plus assembly) to increase or decrease by more than 100 hours from month to month. In addition, the company charges monthly inventory at the rate of 2% of the production cost based on the inventory levels at the end of…
please help me with Question 3 thanks! Demand forecasts for 2021 are as follows: Month Demand Jan 140,000 Feb 78,900 Mar 85,800 Apr 89,100 May 123,600 Jun 136,350 Jul 120,450 Aug 106,950 Sep 121,950 Oct 135,750 Nov 87,000 Dec 93,300 Each worker can produce 900 products per month and is paid $1500 per month. Assume that at the end of last year, the company has 100 employees working on the production line. Hiring and layoff (firing) decisions are made at the beginning of each month, and associated costs are charged at that time. It costs the company $400 to hire and $800 to lay off a worker. The company incurs holding cost for the amount of ending inventory in each month, and incurs backorder cost at the end of each month for any unfilled orders. The company incurs $2 per month for holding one unit in inventory and $4 per unit backorder. 1 Prepare a level aggregate plan. Under this level aggregate plan, how…
7. Nowjuice, Inc., produces Shakewell fruit juice. A planner has developed an aggregate forecast for demand (in cases) for the next six months. Month May Jun Jul Forecast 4,000 4,800 5,600 Aug Sep 7,200 Oct 6,400 5,000 Use the following information to develop aggregate plans. Regular production cost Regular production capacity Overtime production cost Subcontracting cost Holding cost Beginning inventory $10 per case 5,000 cases $16 per case $20 per case $1 per case per month 0 Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. Which plan has the lowest total cost? a. Use level production. Supplement using overtime as needed. b. Use a combination of overtime (500 cases per period maximum), inventory, and subcontracting (500 cases per period maximum) to handle variations in demand. c. Use overtime up to 750 cases per period and inventory to handle variations in demand.
JAYB, manager of a Fabrication company, has the following aggregate demand requirements and other data for the upcoming four quarters. Table 5: Forecast and cost information [Jadual 5: Maklumat Ramalan dan kos] Quarter [Suku] Demand [Permintaan] Previous quarter's output [Keluaran suku sebelumnya] 1,500 units 1 1,400 Beginning inventory [Inventori awal] 200 units 2 1,000 Hiring workers [Pengambilan pekerja] RM6 per unit 3 1,500 Laying off workers [Pembuangan pekerja] RM11 per unit 4 1,300 Unit cost [Kos unit] RM30 per unit With the information given, JAYB wants you to calculate the total cost of using chase strategy by hiring and layoff workers.
The table below provides the aggregate plan of production by a firm. It is known that the firm uses a chase plan. The firm’s labor cost is $10/unit, hiring cost is $200 per unit of increase, and unit firing cost is $400 per unit of decrease in production. Given this information, what is the number in the cell with the question mark?

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