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help:) thanks!! two parts Manoger Chris Channing of Fabric Mills, Inc, has developed the forecast shown in the table for bolts of cloth. The figures
help:) thanks!! two parts
Manoger Chris Channing of Fabric Mills, Inc, has developed the forecast shown in the table for bolts of cloth. The figures are in hundreds of bolts. The department has a regular output capacity of 300(00) bolts per month, except for the seventh month, when capacity will be 200(00) bolts. Regular output has a cost of $25 per hundred bolts. Workers can be assigned to other jobs if production is lecs than roaulat. The beainnina inventorv is zero boits. a. Develop a chase plan that matches the forecast and compute the total cost of your plan. Overtime is $65 per hundred bolts. Regular production can be less than regular capacity. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required.) b. Would the total cost be less with full regular production each period with no overtime, but using a subcontractor to handle the excess above regular capacity at a cost of $55 per hundred bolts? Backlogs are not allowed. The inventory carrying cost is $2 per hundred bolts. (Round your Average inventory values to 1 decimal place. Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter " 0 " wherever required.) Manoger Chris Channing of Fabric Mills, Inc, has developed the forecast shown in the table for bolts of cloth. The figures are in hundreds of bolts. The department has a regular output capacity of 300(00) bolts per month, except for the seventh month, when capacity will be 200(00) bolts. Regular output has a cost of $25 per hundred bolts. Workers can be assigned to other jobs if production is lecs than roaulat. The beainnina inventorv is zero boits. a. Develop a chase plan that matches the forecast and compute the total cost of your plan. Overtime is $65 per hundred bolts. Regular production can be less than regular capacity. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required.) b. Would the total cost be less with full regular production each period with no overtime, but using a subcontractor to handle the excess above regular capacity at a cost of $55 per hundred bolts? Backlogs are not allowed. The inventory carrying cost is $2 per hundred bolts. (Round your Average inventory values to 1 decimal place. Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter " 0 " wherever required.) Step by Step Solution
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