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Period Forecast 1 200 2 500 3 300 4 400 5 200 6 200 Regular time: $20 per unit (maximum of 280 units per period)
Period | Forecast |
1 | 200 |
2 | 500 |
3 | 300 |
4 | 400 |
5 | 200 |
6 | 200 |
Regular time: $20 per unit (maximum of 280 units per period)
Overtime: $30 per unit (maximum of 40 units per period)
Subcontracting: Not available
Beginning inventory: None
Carrying cost: $10 per unit per period
Backorder cost: $50 per unit per period
What is the total regular time cost for the plan which minimizes total cost?
Round answer to nearest dollar. Do not use a thousands separator or a dollar sign in your answer.
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