Assume that you are the production planning manager at a manufacturing company. Using the demand data below, calculate how many employees should be fired and hired over the planning period if you implement chase aggregate planning strategy. You are also reported that each employee produces 20 units per period and that beginning employee is 90. January = 1900 units February = 2100 units March = 1500 units %3D April = 1300 units Hire = 15 and Fire = 20 Hire = 20 and Fire = 20 Hire = 15 and Fire = 40 Hire = 25 and Fire = 30 Hire = 0 and Fire = 0

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.