Complete the Table B on the following page to create the aggregate plan based on the chase production strategy including hiring and firing to meet demand exactly Cost ElementCostMonthDemandRegular production costOvertime labor cost$13 per hourForecast(units)5600$20 perhourAugustSeptember4500Holding cost per$6 per unitPeriodOctober7500Back-order cost per$10 per unitNovember5500PeriodDecember6900Hiring costFiring cost$600 per employee$300 per employeeJanuary4200Capacity ElementBeginning workforceBeginning inventoryLabor required per unitRegular time available per employeeOvertime available per employeeData220 employee350 units5 hours150 hours per month25 hourspermonth Table B: Chase production planMonthDemandProduction Plan# Workers# Workers Hired# Workers FiredForecastNeededAugust5700September4500October7500November3300December6900January4300

Chase production plan refers to the plan in which the production is planned according to the demand…

Table B: Chase production plan Моnth Demand Production Plan # Workers # Workers Hired # Workers Fired Forecast 5700 Needed August September 4500 October 7500 November 5500 December 6900 January 4300

Table B: Chase production plan Моnth Demand Production Plan # Workers # Workers Hired # Workers Fired Forecast 5700 Needed August September 4500 October 7500 November 5500 December 6900 January 4300

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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