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7. The Fine Furniture Company is a major producer of bookcases. The following are the estimates of demand, cost, and production data for the
7. The Fine Furniture Company is a major producer of bookcases. The following are the estimates of demand, cost, and production data for the next six months. (20 Marks) Cost Data Hiring cost/worker Layoff cost/worker Straight time cost/hour Holding cost/unit/month Backorder cost/unit/month Subcontracting cost/unit Overtime cost/'hour Pmduction Data Im-s'day Ekginning inventory (units) Plming April A ugust N/A $12 $4 SIO $20 Working 20
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