Manager Chris Channing of Fabric Mills, Inc., has developed the forecast shown in the table for...
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Manager 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 normal capacity of 275(00) bolts per month, except for the seventh month, when capacity will be 250(00) bolts. Normal output has a cost of $40 per hundred bolts. Workers can be assigned to other jobs if production is less than normal. The beginning inventory is zero bolts. Month Forecast 1 2 3 4 5 6 7 250 300 250 300 280 275 270 Total 1,925 Click here for the Excel Data File a. Develop a chase plan that matches the forecast and compute the total cost of your plan. Overtime is $60 per hundred bolts. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required.) Period 2 3 5 7 Total Forecast 250 300 250 300 280 275 270 1,925 Output Regular Overtime Subcontract Output - Forecast Inventory Beginning Ending Average Manager 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 normal capacity of 275(00) bolts per month, except for the seventh month, when capacity will be 250(00) bolts. Normal output has a cost of $40 per hundred bolts. Workers can be assigned to other jobs if production is less than normal. The beginning inventory is zero bolts. Month Forecast 1 2 3 4 5 6 7 250 300 250 300 280 275 270 Total 1,925 Click here for the Excel Data File a. Develop a chase plan that matches the forecast and compute the total cost of your plan. Overtime is $60 per hundred bolts. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required.) Period 2 3 5 7 Total Forecast 250 300 250 300 280 275 270 1,925 Output Regular Overtime Subcontract Output - Forecast Inventory Beginning Ending Average
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