Supply/Demand Info Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees Pre-Q1 30 Q1 3,200 3,200 2 32 Q2 Q3 Q4 3,600 3,900 4,200 3,600 3,900 4,200 4 36 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production cost/unit Holding cost/unit/quarter Hiring cost/employee Firing cost/employee Subcontract cost/unit 100 510 $69 $13 $1,040 $2,200 $100 3 39 3 42 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total regular production cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number quarters, What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number

Supply/Demand Info Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees Pre-Q1 30 Q1 3,200 3,200 2 32 Q2 Q3 Q4 3,600 3,900 4,200 3,600 3,900 4,200 4 36 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production cost/unit Holding cost/unit/quarter Hiring cost/employee Firing cost/employee Subcontract cost/unit 100 510 $69 $13 $1,040 $2,200 $100 3 39 3 42 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total regular production cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number quarters, What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number

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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Question

Need solutions in only text not in images and tables

PP.51 A small manufacturer of specialty welding equipment has developed a chase production plan for the next four quarters, as seen below:
Supply/Demand Info
Pre-Q1
Q1
3,200
3,200
Forecast (demand)
Regular production
Subcontract production
Ending inventory
Hired employees
Fired employees
Total employees
30
2
32
Q2
Q3
Q4
3,600 3,900 4,200
3,600 3,900 4,200
4
36
The table below shows additional relevant information:
Capacity Information & Cost Variables
Production rate (units/employee/quarter)
Subcontractor capacity (units/quarter)
Regular production cost/unit
Holding cost/unit/quarter
Hiring cost/employee
Firing cost/employee
Subcontract cost/unit
100
510
$69
$13
$1,040
$2,200
$100
3
39
3
42
What is the overall total cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total regular production cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total holding cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total hire cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total fire cost for this production plan? (Display your answer to the nearest whole number.)
Number

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