Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Develop the following aggregate plan. Using the cost data. Cost Table December production is 1 5 7 0 units. - production / labour cost is

Develop the following aggregate plan. Using the cost data.
Cost Table
December production is 1570 units.
- production / labour cost is $17.25/ hour
- labour hours per unit =2.62
- layoff cost is $75/ unit
- hiring cost is $55/ unit
- inventory carrying cost is $36/ unit / month
Plan A is to produce at a rate equal to the average daily demand, Level plan.
This plan uses inventory and will allow inventory to fluctuate over the life of the plan.
Period Production Days Demand Forecast Production Inventory Change Ending Inventory
January 211570
February 231880
March 281800
April 282650
Calculate and submit only the Total production costs (ie/ green box) portion of the plan.
(Round to nearest dollar. No need for dollar sign or comma.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Project Management Book Of Templates

Authors: Navaid Ur Rehman

1st Edition

9798719847344

More Books

Students also viewed these General Management questions