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Q4 Costs: LayoffHiringInventory Totals: 246 246 30,000 Costs: $246,000 $492,000 $30,000 Cost of plan:$768,000 Planning values Starting inventory: 2,500 Starting and ending workforce: 200 Hours worked per month per hour: 360 Hours per unit: 40 Hiring cost per worker: $2,000 Layoff cost per worker: $1,000 Monthly per-unit holding cost: $1   Forecasted sales: Month    Forecasted sales March    1,827 April    1,620 May    1,440 June    1,179 July    1,611 August    2,115 September    2,637 October    2,502 November    3,150 December    3,231 January    2,826 February    2,331

Q4 Costs: LayoffHiringInventory Totals: 246 246 30,000 Costs: $246,000 $492,000 $30,000 Cost of plan:$768,000 Planning values Starting inventory: 2,500 Starting and ending workforce: 200 Hours worked per month per hour: 360 Hours per unit: 40 Hiring cost per worker: $2,000 Layoff cost per worker: $1,000 Monthly per-unit holding cost: $1   Forecasted sales: Month    Forecasted sales March    1,827 April    1,620 May    1,440 June    1,179 July    1,611 August    2,115 September    2,637 October    2,502 November    3,150 December    3,231 January    2,826 February    2,331

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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Q4

Costs:

LayoffHiringInventory
Totals: 246 246 30,000
Costs: $246,000 $492,000 $30,000
Cost of plan:$768,000
Planning values
Starting inventory: 2,500
Starting and ending workforce: 200
Hours worked per month per hour: 360
Hours per unit: 40
Hiring cost per worker: $2,000
Layoff cost per worker: $1,000
Monthly per-unit holding cost: $1
 
Forecasted sales:

Month    Forecasted sales
March    1,827
April    1,620
May    1,440
June    1,179
July    1,611
August    2,115
September    2,637
October    2,502
November    3,150
December    3,231
January    2,826
February    2,331
Complete the chase 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 as whole numbers). Sales in worker hours to meet sales average = 245 Month March Forecasted sales 1,827 Actual workers 200 Actual production Layoffs Hiring Ending inventory 2,500
Transcribed Image Text:Complete the chase 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 as whole numbers). Sales in worker hours to meet sales average = 245 Month March Forecasted sales 1,827 Actual workers 200 Actual production Layoffs Hiring Ending inventory 2,500
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