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Complete the level production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. Planning values Starting inventory 1,000 Starting and ending workforce 227 Hours worked per month per worker 160 Hours per unit 20 Hiring cost per worker 3,000 Layoff cost per worker 2,000 Monthly per unit holding cost 6 Month Ending inventory March April May June July August September October November December January February Forecasted sales 1,592 1,400 1,200 1,000 1,504 1,992 2,504 2,504 3,000 3,000 2,504 1,992 Sales Needed Actual (workers) workers Workers Actual production Layoffs Hiring

Complete the level production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. Planning values Starting inventory 1,000 Starting and ending workforce 227 Hours worked per month per worker 160 Hours per unit 20 Hiring cost per worker 3,000 Layoff cost per worker 2,000 Monthly per unit holding cost 6 Month Ending inventory March April May June July August September October November December January February Forecasted sales 1,592 1,400 1,200 1,000 1,504 1,992 2,504 2,504 3,000 3,000 2,504 1,992 Sales Needed Actual (workers) workers Workers Actual production Layoffs Hiring

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...
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please answer all parts of the question within 30 minutes with detailed explanation. Make sure calculation form part of the answer and are in details for better understanding. If calculations are not shown or are poorly done i will surely give negative ratings.
Complete the level production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. Planning values Starting inventory 1,000 Starting and ending workforce 227 Hours worked per month per worker 160 Hours per unit 20 Hiring cost per worker 3,000 Layoff cost per worker 2,000 Monthly per unit holding cost 6 Month Actual Layoffs Hiring production Ending inventory March April May June July August September October November December January February Forecasted sales 1,592 1,400 1,200 1,000 1,504 1,992 2,504 2,504 3,000 3,000 2,504 1,992 Sales Needed Actual (workers) workers Workers
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. Planning values Starting inventory 1,000 Starting and ending workforce 227 Hours worked per month per worker 160 Hours per unit 20 Hiring cost per worker 3,000 Layoff cost per worker 2,000 Monthly per unit holding cost 6 Month Actual Layoffs Hiring production Ending inventory March April May June July August September October November December January February Forecasted sales 1,592 1,400 1,200 1,000 1,504 1,992 2,504 2,504 3,000 3,000 2,504 1,992 Sales Needed Actual (workers) workers Workers
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