Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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. B Click the icon to view the costs table. B Click the icon to view the forecasted sales. . Fill in the production plan table below (enter your responses rounded to the nearest whole number). Month Forecasted sales Sales in worker hours Workers needed to meet sales average = 253 Actual workers Actual production Layoffs Hiring Ending inventory 211 500 March 1,658 1,477 April May 1,198 June 977 1,541 2,089 July August September October 2,424 JOOOOOOOOO OOOOOOOOOL OOOOOOOOO DDDDDDDDDD 000000000000 OOOOOOOUUU 2,538 November 3,002 December 3,014 January 2,510 February 1,860 ir i X More Info Layoff 42 Hiring 42 $105,000 $192,841 Inventory 24,841 $24,841 ME $63,000 A M J 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 500 211 40 5 $2,500 $1,500 $1 AL S a N Print Done January 2,510 recas More Info X elow Month March April May June July August September October November December January February Forecasted sales 1,658 1,477 1,198 977 1,541 2,089 2,424 2,538 3,002 3,014 2,510 1,860 Print Done January 2,510
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started