Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Answer the following questions applying the Zero Inventory strategy . Assume one daily shift of 8 hours, a $20 hour salary, a hiring cost

1) Answer the following questions applying the Zero Inventory strategy. Assume one daily shift of 8 hours, a $20 hour salary, a hiring cost of $450, a firing cost of $600, a storage cost of $5 , and a late order cost of $15 .

January

February

March

April

May

June

Total

1

Days

21

20

23

21

22

22

129

2

Units per Worker

126

3

Demand

1840

4068

3980

3540

3180

2642

19250

4

Workers Needed

5

Workers Available

30

6

Workers Hired

7

Hiring Cost

8

Workers Fired

9

Firing Cost

10

Current Workers

11

Labor Cost

12

Produced Units

13

Net Inventory

14

Storage Cost

15

Late Orders Cost

16

Total Cost

a) Workers needed in February:

b) Labor cost in March:

c) Produced units in June:

d) Total Cost of the project:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Of Sport Management

Authors: John Beech, Simon Chadwick

2nd Edition

027372133X, 9780273721338

More Books

Students also viewed these Accounting questions

Question

Able to describe variations in rewards practices.

Answered: 1 week ago