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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.
Fill in the production plan table below (enter your responses as whole numbers). Month Forecasted sales Sales in worker hours to meet sales average = 251 Actual Actual workers production Layoffs Hiring Ending inventory 210 3,000 March 1,128 Layoff 283 $424,500 Hiring Inventory 283 36,000 $990,500 $36,000 $1,451,000 Totals Costs Cost of plan Planning values Starting inventory Starting and ending workforce Hours worked per month per worker Hours per unit Hiring cost per worker Layoff cost per worker Monthly per-unit holding cost 3,000 210 60 10 $3,500 $1,500 $1 0 Month March April May June July August September October November December January February Forecasted sales 1,128 1,116 942 666 1,056 1,404 1,788 1,788 2,364 2,268 1,908 1,614 Fill in the production plan table below (enter your responses as whole numbers). Month Forecasted sales Sales in worker hours to meet sales average = 251 Actual Actual workers production Layoffs Hiring Ending inventory 210 3,000 March 1,128 Layoff 283 $424,500 Hiring Inventory 283 36,000 $990,500 $36,000 $1,451,000 Totals Costs Cost of plan Planning values Starting inventory Starting and ending workforce Hours worked per month per worker Hours per unit Hiring cost per worker Layoff cost per worker Monthly per-unit holding cost 3,000 210 60 10 $3,500 $1,500 $1 0 Month March April May June July August September October November December January February Forecasted sales 1,128 1,116 942 666 1,056 1,404 1,788 1,788 2,364 2,268 1,908 1,614Step by Step Solution
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