Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Regular Time Demand Period Overtime Subcontract Forecast 1 30 15 15 40 2 35 15 15 55 3 30 15 15 45 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $160 $200 $4 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number).
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Regular Time Demand Period Overtime Subcontract Forecast 1 30 15 15 40 2 35 15 15 55 3 30 15 15 45 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month 20 units $100 $160 $200 $4 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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