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What is the labor cost of quarter 2? OA. $180,000 OB. $120,000 O C. $60,000 O D. $70,000

What is the labor cost of quarter 2? OA. $180,000 OB. $120,000 O C. $60,000 O D. $70,000

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...
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I need the last two questions which is the quarter 2 one and the last question in the other picture 

What is the labor cost of quarter 2? A. $180,000 B. $120,000 C. $60,000 O D. $70,000
Transcribed Image Text:What is the labor cost of quarter 2? A. $180,000 B. $120,000 C. $60,000 O D. $70,000
A Company is interested in developing a quarterly aggregate production plan but they are not sure if a level strategy with backorders or a chase strategy would be better. They have the following information available regarding their production operation: Hiring workers Layoff workers Inventory holding Cost Stockout cost for backorders Production (Labor) cost Subcontracting cost Previous quarter's production Beginning inventoy Quarter forecasts are 2000, 6000, 4000, 5000, respectively. This problem has questions. Suppose that you want to use a level plan with backorders (one that produces at the average demand over the four quarters). Answer the next two questions using this plan. Do not round your intermediate calculations. Round your final answer to the nearest whole number. What would be your production rate each month? A. 4250 B. 3500 C. 4250, 3000, 4000, 5000 D. 2000, 6000, 4000, 5000 What is the ending inventory in Quarter 2 A. 500 B. 2250 C. 2500 D. 0 Suppose that you want to use a chase plan. Answer the next three questions using this plan. Do not round your intermediate calculations. Round your final answer to the nearest whole number. What is your production rate in quarter 2? A. 6000 B. 4000 C. 2000 D. 4250 $40 per unit $80 per unit $40 per unit per quarter $150 per unit $30 per unit $60 per unit 1300 units 0 units What is the hiring/layoff cost of quarter 3? A. $1,000 B. Insufficient information is provided C. $28,000 D. 0
Transcribed Image Text:A Company is interested in developing a quarterly aggregate production plan but they are not sure if a level strategy with backorders or a chase strategy would be better. They have the following information available regarding their production operation: Hiring workers Layoff workers Inventory holding Cost Stockout cost for backorders Production (Labor) cost Subcontracting cost Previous quarter's production Beginning inventoy Quarter forecasts are 2000, 6000, 4000, 5000, respectively. This problem has questions. Suppose that you want to use a level plan with backorders (one that produces at the average demand over the four quarters). Answer the next two questions using this plan. Do not round your intermediate calculations. Round your final answer to the nearest whole number. What would be your production rate each month? A. 4250 B. 3500 C. 4250, 3000, 4000, 5000 D. 2000, 6000, 4000, 5000 What is the ending inventory in Quarter 2 A. 500 B. 2250 C. 2500 D. 0 Suppose that you want to use a chase plan. Answer the next three questions using this plan. Do not round your intermediate calculations. Round your final answer to the nearest whole number. What is your production rate in quarter 2? A. 6000 B. 4000 C. 2000 D. 4250 $40 per unit $80 per unit $40 per unit per quarter $150 per unit $30 per unit $60 per unit 1300 units 0 units What is the hiring/layoff cost of quarter 3? A. $1,000 B. Insufficient information is provided C. $28,000 D. 0
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