Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. you complete

image text in transcribedimage text in transcribedimage text in transcribed

Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table. Click the icon to view the forecasted sales. Fill in the production plan table below (enter your responses as whole numbers). \begin{tabular}{lccc} \hline & Layoff & Hiring & Inventory \\ \hline Totals & 268 & 268 & 36,000 \\ Costs & $804,000 & $1,072,000 & $360,000 \\ Cost of plan & & $2,236,000 & \\ Planning values & & & 3,000 \\ Starting inventory & & 235 \\ Starting and ending workforce & & 150 \\ Hours worked per month per worker & & 25 \\ Hours per unit & & $4,000 \\ Hiring cost per worker & & $3,000 \\ Layoff cost per worker & & $10 \\ Monthly per-unit holding cost & & \end{tabular} \begin{tabular}{lc} \hline \multicolumn{1}{c}{ Month } & Forecasted sales \\ \hline March & 1,062 \\ April & 1,098 \\ May & 864 \\ June & 768 \\ July & 1,260 \\ August & 1,644 \\ September & 1,950 \\ October & 1,752 \\ November & 2,118 \\ December & 2,142 \\ January & 1,902 \\ February & 1,512 \\ \hline \end{tabular} Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table. Click the icon to view the forecasted sales. Fill in the production plan table below (enter your responses as whole numbers). \begin{tabular}{lccc} \hline & Layoff & Hiring & Inventory \\ \hline Totals & 268 & 268 & 36,000 \\ Costs & $804,000 & $1,072,000 & $360,000 \\ Cost of plan & & $2,236,000 & \\ Planning values & & & 3,000 \\ Starting inventory & & 235 \\ Starting and ending workforce & & 150 \\ Hours worked per month per worker & & 25 \\ Hours per unit & & $4,000 \\ Hiring cost per worker & & $3,000 \\ Layoff cost per worker & & $10 \\ Monthly per-unit holding cost & & \end{tabular} \begin{tabular}{lc} \hline \multicolumn{1}{c}{ Month } & Forecasted sales \\ \hline March & 1,062 \\ April & 1,098 \\ May & 864 \\ June & 768 \\ July & 1,260 \\ August & 1,644 \\ September & 1,950 \\ October & 1,752 \\ November & 2,118 \\ December & 2,142 \\ January & 1,902 \\ February & 1,512 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

How flying airoplane?

Answered: 1 week ago