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Q3 The numbers for March are correct.    Cost table: LayoffHiringInventory Totals: 36 36 55,209 Costs: $54,000 $162,000 $165,627 Cost of plan:$381,627 Planning values Starting inventory: 3,000 Starting and ending workforce: 214 Hours worked per month per hour: 240 Hours per unit: 30 Hiring cost per worker: $4,500 Layoff cost per worker: $1,500 Monthly per-unit holding cost: $3   Forecasted sales:   Month    Forecasted sales March    1,649 April    1,427 May    1,137 June    976 July    1,531 August    1,976 September    2,470 October    2,529 November    3,016 December    2,910 January    2,434 February    1,945

Q3 The numbers for March are correct.    Cost table: LayoffHiringInventory Totals: 36 36 55,209 Costs: $54,000 $162,000 $165,627 Cost of plan:$381,627 Planning values Starting inventory: 3,000 Starting and ending workforce: 214 Hours worked per month per hour: 240 Hours per unit: 30 Hiring cost per worker: $4,500 Layoff cost per worker: $1,500 Monthly per-unit holding cost: $3   Forecasted sales:   Month    Forecasted sales March    1,649 April    1,427 May    1,137 June    976 July    1,531 August    1,976 September    2,470 October    2,529 November    3,016 December    2,910 January    2,434 February    1,945

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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Q3

The numbers for March are correct. 

 

Cost table:

LayoffHiringInventory
Totals: 36 36 55,209
Costs: $54,000 $162,000 $165,627
Cost of plan:$381,627
Planning values
Starting inventory: 3,000
Starting and ending workforce: 214
Hours worked per month per hour: 240
Hours per unit: 30
Hiring cost per worker: $4,500
Layoff cost per worker: $1,500
Monthly per-unit holding cost: $3
 
Forecasted sales:
 
Month    Forecasted sales
March    1,649
April    1,427
May    1,137
June    976
July    1,531
August    1,976
September    2,470
October    2,529
November    3,016
December    2,910
January    2,434
February    1,945
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 correctly, 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 April Forecasted sales 1,649 1,427 Sales in worker hours 49,470 206 Actual workers 214 250 Actual production 2,000 Layoffs Hiring 0 36 Ending inventory 3,000 3,351
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 correctly, 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 April Forecasted sales 1,649 1,427 Sales in worker hours 49,470 206 Actual workers 214 250 Actual production 2,000 Layoffs Hiring 0 36 Ending inventory 3,000 3,351
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