Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular production cost (over the six months from April through September) for a level production plan? (Display your answer to the nearest whole number.) Number What is the total overtime production cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract 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 What is the total cost (sum of all costs) for this production plan? (Display your answer to the nearest whole number.) Number
Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular production cost (over the six months from April through September) for a level production plan? (Display your answer to the nearest whole number.) Number What is the total overtime production cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract 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 What is the total cost (sum of all costs) 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...
Related questions
Question
Transcribed Image Text:Supply/Demand Info
Predicted Sales
Regular production
Overtime production
Subcontract production
Ending inventory
Hired employees
Fired employees
Total employees
Cost variables are as follows:
Cost Variables
Labor cost/hour
Overtime cost/ton
Subcontracting costiton
Holding cost ton/month
Hiring cost employee
Firing cost/employee
Beginning Apr May
4,200
531
$20
$32
$25
$10
$3.700
$4.000
Jun
51,500 50.300 61,600
Here is some additional relevant (capacity) information:
Capacity Information
Total labor hours/ton
Regular production tons/employee/month
Max regular production (tons/month)
Max overtime production (tons/month)
Max subcontractor production (tons/month)
3
100
56,700
3,700
6,000
Jul Aug Sep
45,400 56.600 62,800
Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with
only the use of regular production and no inventory left over at the end of the six-month period.
What is the regular production cost (over the six months from April through September) for a level production plan? (Display your answer to the nearest
whole number.)
Number
What is the total overtime production cost for this production plan? (Display your answer to the nearest whole number.)
Number
What is the total subcontract 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
What is the total cost (sum of all costs) for this production plan? (Display your answer to the nearest whole number.)
Number
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