Question
please answer both the parts within 30 minutes. make sure the calculations are explained in very detailed manner also formatting is proper, Attempt the answer
please answer both the parts within 30 minutes. make sure the calculations are explained in very detailed manner also formatting is proper, Attempt the answer only if your are 100% sure that its correct. else leave it for other tutore otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer shows detailed calculations and is 100% correct.
ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.
Part A
1 pts The following is the forecasted demand for Olives Company over the next few months. Month Forecasted Demand Jan 19025 Feb 9000 Mar 19450 Apr 9830 May 9630 Jun 10100 Olives Company plans on using a constant production of 9,250 units a month at a $120 per unit cost. The company has an inventory balance of 300 units at the beginning of January. Stockout cost due to loss sale is estimated to be $130 per unit. Monthly inventory holding cost are $3.50 per unit ABC can produce an additional 10% of its regular production in overtime at the cost of $80 more per unit. Assume that Olives Company will avoid stockout if possible Under this plan how many units will Olives Company produce with overtime (answer to the nearest whole number)?The following is the forecasted demand for Olives Company over the next few months. Month Forecasted Demand Jan 9025 Feb 9000 Mar 9450 Apr 9830 May 9630 Jun 10100 Olives Company plans on using a constant production of 9,250 units a month at a $987 per unit cost. The company has an inventory balance of 300 units at the beginning of January. Stockout cos due to loss sale is estimated to be $175 per unit. Monthly inventory holding cost are $17 per unit. ABC can produce an additional 10% of its regular production in overtime at the cost of $80 more per unit. Assume that Olives Company will avoid stockout if possible Under this plan how much will will Olives Company spend on inventory holding cost (answer to the nearest whole number)Step by Step Solution
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