A firm practices the pure chase strategy. Production last quarter was 1600. Demand over the next four quarters is estimated to be 1300, 1100, 1400, and 1000. Hiring cost is $20 per unit, and firing cost is $13 per unit. Over the next year, the sum of hiring and layoff costs will be
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- (2-b) A firm's demand in the next four quarters is forecast to be 400, 600, 800, and 700 units. Given that beginning inventory is 600, desired ending inventory in quarter 4 is 300, inventory holding cost is $6 per unit per quarter, and production cost is $50 per unit, calculate the cost of a level production plan.What are order cycle costs if annual demand is 10,900 units, the order quantity is 1,800 units, and annual order cost is $140? What if the order size changes to 900 units or 10,900 units? Round your answers to the nearest cent. If the order quantity is 1,800 units, the order cycle costs are $ . If the order quantity is 900 units, the order cycle costs are $ . If the order quantity is 10,900 units, the order cycle costs are $ .1. A firm practices a pure chase strategy. Production last quarter was 818. Demand over the next four quarters is estimated to be 975, 935, 886, and 968. Hiring cost is $19 per unit, and layoff cost is $6 per unit. Over the next year, what will be the sum of hiring and firing costs? 2. A firm practices a pure level strategy that sets the production level at the average demand over the next four periods. Inventory last quarter was 0. The extra units produced are stored in a warehouse. The extra units needed are subcontracted. Demand over the next four quarters is estimated to be 1041, 1019, 1188, and 1090. Production cost is $25 per unit, and Inventory cost is $4 per unit. What is the production level at this form?
- Please do not give solution in image formate thanku. Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,000; spring, 7,000; summer, 12,000. Inventory at the beginning of fall is 500 units. At the beginning of fall, you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stock outs at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $100 for each temp; layoff, $200 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season.The table below contains monthly (six months) demand estimates and working days per month. Month Demand Production Days JAN 1,500 20 FEB 1,200 24 MAR 1,000 25 APR 1,600 25 MAY 1,100 20 JUN 1,300 26 For the implementation of “Level” strategy, the average demand (in units/day) over the six- month planning horizon is equal to; a. 40 b. 50 c. 55 d. 75Backorders: A company is working on its quarterly aggregate production plan. Its quarter forecasts are 6000, 1000, 2500 and 2000, respectively. Suppose that it will use a level plan with backorders (one that produces at the average demand over the four quarters). What is the ending inventory in Quarter 3? (Do not round your intermediate calculations. Round your final answer to the nearest whole number. Only enter the number. Do not enter any units.)
- Product Cost under Full vs. Variable Costing Kate’s Kale Chips produces a healthy snackmade primarily of kale. Each bag of the product sells for $5. The company computes the manufacturing overhead rate on a quarterly basis based upon the planned number of units to be produced thatquarter. The following data are from the projections of Kate’s Kale Chips for the upcoming quarter:[LO 18-4]ProjectionsSales 20,000 bagsProduction 22,000 bagsVariable manufacturing cost per bag $2.00Sales and distribution costs per bag $0.15Total fixed manufacturing overhead $33,000Fixed administrative overhead $18,000Required1. Compute the projected product cost per bag produced under full costing.2. Compute the projected product cost per bag under variable costingan Shields Communications, Inc., a cellular communications provider based in Michigan, charges $86 per month for an all you can talk service plan. The company plans to increase marketing expenditure next year, but wants to determine the current CLV before making this decision. Variable costs before marketing are $28 per account per month and monthly retention expenditures are $12 per account. Ian Shields Communication's annual attrition rate is 17%, with an annual discount rate of 15%.a) b) c) d) e) f) g) h) i) What is the optimal solution (in words? An additional 4 hours of shaper time became available. Evaluate the effect? Explain- Two hours of Grinder time was lost. Evaluate the effect? An additional 20 units of component 3 was requested. Evaluate the effect. The demand for component 2 decreased by 30 units. Evaluate the effect Suppose that the profit contribution of component 1 increases to $9.00. What is the new optimal solution? Suppose that the profit contribution of component 3 decrease by $2.00 . Would the optimal solution change Is the problem degenerate? Explain! Are there alternative optima in this problem? Explain
- Ardie Corporation uses 30,000 units. Each order placed is for 1,500 units. The stockout units is 300. Management is willing to accept a stockout probability of 40 percent. The stockout cost per unit is P3.20. What does the total stockout cost? choose the letter of the correct answera. P2,680.00b. P3,680.00c. P4,680.00d. P5,680.00e. P7,680.00A company wants to develop a level production plan for a family of products. Theopening inventory is 500 units, and a decrease to 250 units is expected by the end ofthe plan. The demand for each of the months is given in what follows. How muchshould the company produce each month? What will be the ending inventory in eachmonth? Do you see any problems with the plan?A company is known to have 4 request periods in 1 year. In the first quarter year demand amounted to 750, the 2nd quarter was 900, the third quarter was 1500, and for the fourth quarter it was 900. If the company has an initial inventory of 100, the desired final inventory is 150 units, the cost of normal hours is 100 rupiah/unit, the overtime hour fee is 125 rupiah/unit, the cost of sub-contract hours is 150 rupiah/unit, and lastly the cost of inventory is known to be 20 rupiah per unit per period. Here is the table of normal hours, overtime hours and subcontracts. Period Normal Hours Ovetime Hours Subcontracts 1 700 146 500 2 800 146 500 3 900 146 500 4 500 146 500 Please specify:a. Total cost!b. How much is produced per quarter?c. Analyze Your Answers!