Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete answers please The seven-month demand for product X is as follows: 500; 6,000: 2.000: 1.500 4.000: 5.500; and 6.500. You planned to use a

Complete answers please
image text in transcribed
The seven-month demand for product X is as follows: 500; 6,000: 2.000: 1.500 4.000: 5.500; and 6.500. You planned to use a level production rate of 4.000 unit per month a. Determine the inventory level per month. (10 pts.) b. If currently, the company has 18 workers, determine if you will hire or fire workeris. The labor standard is 0.64 hours, and the regular hours are 160. (20 pts.) c. Compute the cost of the production plan above using the following information: material=P30.00; labor=P9.60: overtime= P14.40: hiring=P500.00: firing=P750; and holding=P5.00/unit. (10 pts.) d. You changed your strategy. Instead of level, you opted to use chase determine the number of worker's needed per month. (20 pts.) e. Compute the cost of the production plan of letter d. (10 pts.)

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_2

Step: 3

blur-text-image_3

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

CPA Excel Auditing And Attestation

Authors: Robert A. Prentice

1st Edition

0977165876, 978-0977165872

More Books

Students also viewed these Accounting questions

Question

Classify delivery styles by type.

Answered: 1 week ago