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Complete the level production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you
Complete the level 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. 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 rounded to the nearest whole number). Totals Layoff 3 $4,500 Hiring 3 $12,000 $305,355 Inventory 57,771 $288,855 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 3,000 224 135 15 $4,000 $1,500 $5 Month Forecasted sales 1,691 1,371 1,163 971 March April May June July August September October November December January February 1,501 2,061 2,430 2,412 3,039 3,077 2,579 2,221 Month Forecasted sales Sales in worker hours Workers needed to meet sales average = 227 Actual workers Actual production Layoffs Hiring Ending inventory March April May June July August September October November December January February
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