Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has predicted the following demands for the next 6 months. | 4 Month Total 3 Demand 15,000 18,000 15,000o 20,000 22,000 24,000 114,000

image text in transcribed

A company has predicted the following demands for the next 6 months. | 4 Month Total 3 Demand 15,000 18,000 15,000o 20,000 22,000 24,000 114,000 Single workers working for one month can product 125 units. The beginning work force is 50 workers. It costs the company $1,500 to hire one worker, and it costs the company $2,500 to lay off a worker. The cost to carry an item is $15 per unit per month. The stock out cost is estimated to be $40 per unit. Develop a chase sales and operations plan for this firm. Develop the monthly production schedule, and show the labor workforce and inventory levels. Finally, compute the cost of the plan. A company uses ABC analysis to help manage to inventory. Its stock of inventory reflects the following items, item cost and quantity. Quantity in Stock Item Cost Item Part No. $546.00 $45.00 $15.35 $653.00 142-AZ 318 4392-GF 1,250 86935-ES 3,546 173-DC 1,876 $199.00 $23.00 $385.00 $12.50 $16.75 999-BA 526 7846-NM 973 2765-OP 790 103-VX 4,875 5,185 2648-YT Which items would you classified as: A items; B items: C Items

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

Advanced Management Accounting Pearson New International

Authors: Robert Steven Kaplan, Anthony A. Atkinson

3rd Edition

1292026596, 978-1292026596

More Books

Students also viewed these Accounting questions