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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pls help me Blazerauto inc is considering whether to produce a new line of car. The company estimates that the variable cost for each car to be manufactured and sold is 10000 and fixed cost per year is 720000. The selling price is 25,000 per car. The supplier that provides the seats for the cars has a maximum yearly production capacity of 20,000. What is the Output, decision variable, parameters, and constraints? What is the break even point for blazerauto?
c7 need urgent in 15 minutes
The total planned expenditures is called as aggregate demand Select one: True False
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.
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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?
The S&OP team at Kansas Furniture, has received estimates of demand requirements as shown in the table. Assuming one-time stockout costs for lost sales of $100 per unit, inventory carrying costs of $25 per unit per month, and zero beginning and ending inventory, evaluate the following plan on an incremental cost basis: Plan A: Produce at a steady rate (equal to minimum requirements) of 1,200 units per month and subcontract additional units at a $70 per unit premium cost. Subcontracting capacity is limited to 500 units per month. (Enter all responses as whole numbers). The total cost, excluding normal time labor costs, for Plan A = $ Month Ending Subcontract Demand Production Inventory (Units) 1 July 1200 1,200 0 0 2 August 1300 1,200 0 100 3 September 1200 1,200 0 0 4 October 1700 1,200 0 500 5 November 1650 1,200 0 450 6 December 1400 1,200 0 200 (Enter your response as a whole number.)
m1
Deforrest Marine Motors manufactures engines for the speedboat racing circuit. As part of their annual planning cycle, they forecasted demand for the next four quarters. The number of available days of production and the anticipated demand are given below. Employees Production Rate Production Cost Backorder Cost Overtime Cost Overtime Limit Demand Q1 2,400 6,019,000 They also estimated many of the costs required to conduct operations planning. Some of these key figures are listed below. 30 70 units/employee/quarter Q2 2,200 $1,000/unit $200/unit/quarter $1,500/unit <= 25% of Reg. Production Q3 1,700 Q4 1,800 Hire Cost Fire Cost Subcontracting Cost Subcontracting Limit Inventory Cost Initial Inventory $1,200/employee $800/employee $1,800/unit 400 units maximum $100/unit/quarter 280 units Deforrest Marine Motors wishes to maintain the current number of employees for the entire year to follow a level strategy balanced with inventory and backorders as needed. What is the total cost of this…
Caluclate Total Cost of Hirings
w given info solve for all 4 quarters for production, hire, and layoff
A stock or s+ Туpe Chase Production Plan: Example • Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a regular output capacity of 130 engines per month. Regular output has a cost of $60 per engine. The beginning inventory is zero engines. Overtime has a cost of $90 per engine. • Develop a chase plan that matches the forecast and compute the total cost of your plan. Regular production can be less than regular capacity. 3. 4. 7 8. MONTH 1 140 120 125 125 140 135 Forecast 120 135 Chase Production Plan Calculation

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