Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Q4 Costs: LayoffHiringInventory Totals: 246 246 30,000 Costs: $246,000 $492,000 $30,000 Cost of plan:$768,000 Planning values Starting inventory: 2,500 Starting and ending workforce: 200 Hours worked per month per hour: 360 Hours per unit: 40 Hiring cost per worker: $2,000 Layoff cost per worker: $1,000 Monthly per-unit holding cost: $1   Forecasted sales: Month    Forecasted sales March    1,827 April    1,620 May    1,440 June    1,179 July    1,611 August    2,115 September    2,637 October    2,502 November    3,150 December    3,231 January    2,826 February    2,331

Q4 Costs: LayoffHiringInventory Totals: 246 246 30,000 Costs: $246,000 $492,000 $30,000 Cost of plan:$768,000 Planning values Starting inventory: 2,500 Starting and ending workforce: 200 Hours worked per month per hour: 360 Hours per unit: 40 Hiring cost per worker: $2,000 Layoff cost per worker: $1,000 Monthly per-unit holding cost: $1   Forecasted sales: Month    Forecasted sales March    1,827 April    1,620 May    1,440 June    1,179 July    1,611 August    2,115 September    2,637 October    2,502 November    3,150 December    3,231 January    2,826 February    2,331

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...
See similar textbooks
icon
Related questions
Question
100%

Q4

Costs:

LayoffHiringInventory
Totals: 246 246 30,000
Costs: $246,000 $492,000 $30,000
Cost of plan:$768,000
Planning values
Starting inventory: 2,500
Starting and ending workforce: 200
Hours worked per month per hour: 360
Hours per unit: 40
Hiring cost per worker: $2,000
Layoff cost per worker: $1,000
Monthly per-unit holding cost: $1
 
Forecasted sales:

Month    Forecasted sales
March    1,827
April    1,620
May    1,440
June    1,179
July    1,611
August    2,115
September    2,637
October    2,502
November    3,150
December    3,231
January    2,826
February    2,331
Complete the chase 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 as whole numbers). Sales in worker hours to meet sales average = 245 Month March Forecasted sales 1,827 Actual workers 200 Actual production Layoffs Hiring Ending inventory 2,500
Transcribed Image Text:Complete the chase 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 as whole numbers). Sales in worker hours to meet sales average = 245 Month March Forecasted sales 1,827 Actual workers 200 Actual production Layoffs Hiring Ending inventory 2,500
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS