Question
Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you
Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here.
Layoff | Hiring | Inventory | |
Totals | 257 | 257 | 30,000 |
Costs | $642,500 | $1,028,000 | $300,000 |
Cost of plan | $1,970,500 | ||
Planning values | |||
Starting inventory | 2,500 | ||
Starting and ending workforce | 210 | ||
Hours worked per month per worker | 90 | ||
Hours per unit | 15 | ||
Hiring cost per worker | $4,000 | ||
Layoff cost per worker | $2,500 | ||
Monthly per-unit holding cost | $10
|
Month | Forecasted sales |
March | 1,116 |
April | 948 |
May | 948 |
June | 708 |
July | 1,152 |
August | 1,482 |
September | 1,932 |
October | 1,920 |
November | 2,142 |
December | 2,238 |
January | 1,746 |
February | 1,380 |
Fill in the production plan table below (enter your responses as whole numbers).
Month | Forecasted sales | Sales in worker hours | to meet sales average=246 | Actual workers | Actual production | Layoffs | Hiring | Ending inventory |
210 | 2,500 | |||||||
March | 1,116 | nothing | nothing | nothing | nothing | nothing | nothing | nothing |
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