Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Complete the level 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 rounded to the nearest whole number). Workers needed to meet sales average = 250 Month March Forecasted sales 1,649 Sales in worker hours Actual Actual workers production 214 Layoffs Hiring Ending inventory 3,000

Complete the level 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 rounded to the nearest whole number). Workers needed to meet sales average = 250 Month March Forecasted sales 1,649 Sales in worker hours Actual Actual workers production 214 Layoffs Hiring Ending inventory 3,000

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

Costs table:

LayoffHiringInventory
Totals: 36 36 55,209
Costs: $54,000 $162,000 $165,627
Cost of plan:$381,627
Planning values
Starting inventory: 3,000
Starting and ending workforce: 214
Hours worked per month per hour: 240
Hours per unit: 30
Hiring cost per worker: $4,500
Layoff cost per worker: $1,500
Monthly per-unit holding cost: $3
 
Forecasted sales:


Month    Forecasted sales
March    1,649
April    1,427
May    1,137
June    976
July    1,531
August    1,976
September    2,470
October    2,529
November    3,016
December    2,910
January    2,434
February    1,945
Complete the level 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 rounded to the nearest whole number). Workers needed to meet sales average = 250 Month March Forecasted sales 1,649 Sales in worker hours Actual workers 214 Actual production Layoffs Hiring Ending inventory 3,000
Transcribed Image Text:Complete the level 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 rounded to the nearest whole number). Workers needed to meet sales average = 250 Month March Forecasted sales 1,649 Sales in worker hours Actual workers 214 Actual production Layoffs Hiring Ending inventory 3,000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 5 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