Your job is to develop an aggregate plan for the next four quarters. a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers). Hiring and Layoff Plan Layoff (Units) Hire Quarter Forecast Production (Units) 1,500 1 1,400

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Chapter2: Introduction To Spreadsheet Modeling
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Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has
supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast.
E Click the icon to view the four-quarter forecast.
E Click the icon to view the costs relevant to the aggregate plan.
Your job is to develop an aggregate plan for the next four quarters.
a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers).
Hiring and Layoff Plan
Layoff
(Units)
Hire
Quarter
Forecast
Production
(Units)
1,500
1
1,400
Costs
Previous quarter's output
Beginning inventory
1,500 units
O units
$45 per unit
$9 per unit for every unit held
at the end of the quarter
$40 per unit
$70 per unit
$35 per unit
$20 extra per unit
Stockout cost for backorders
Inventory holding cost
Quarter
Forecast
Hiring workers
Layoff workers
Unit cost
1
1,400
1,000
1,600
3
Overtime
4
1,300
Subcontracting
Not available
Transcribed Image Text:Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. E Click the icon to view the four-quarter forecast. E Click the icon to view the costs relevant to the aggregate plan. Your job is to develop an aggregate plan for the next four quarters. a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole numbers). Hiring and Layoff Plan Layoff (Units) Hire Quarter Forecast Production (Units) 1,500 1 1,400 Costs Previous quarter's output Beginning inventory 1,500 units O units $45 per unit $9 per unit for every unit held at the end of the quarter $40 per unit $70 per unit $35 per unit $20 extra per unit Stockout cost for backorders Inventory holding cost Quarter Forecast Hiring workers Layoff workers Unit cost 1 1,400 1,000 1,600 3 Overtime 4 1,300 Subcontracting Not available
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