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Please make sure of the correct answer before answering my question. (Answer the three question) The following information will be used for the next 3
Please make sure of the correct answer before answering my question. (Answer the three question)
The following information will be used for the next 3 problems. I suggest you use Excel to do the calculations (I have already uploaded template on Canvas- see Modules >In-Class Assignment (Chase/Level Production) and download spreadsheet template. A key hospital supplier, IVs Plus (IVP) located in Salina, KS, sells IV tubing and stands to hospitals and clinics. Sales have picked up ever since they introduced their newest "Squeaky Clean" IV stand, which eliminates all oils and germs left behind by users. Though IVP sells these stands all year long, they sell the most during the summer months, when end-of-fiscal year purchases are at a peak. The demand over the next 12 months is shown in the table below. Use the demand forecasts and determine the lowest cost production plan. Ending inventory for December should be as low as possible. How many units are produced for the year using the level production strategy? Less than 1,900,000 Between 1,900,000 and 2,100,000 Between 2,100,001 and 2,300,000 More than 2,300,000 After hiring or firing any workers in the first month, how many workers are required throughout the year following the level production strategy? 15 16 17 18 What are the total costs incurred following the level production strategy? Less than $123,000,000 Between $123,000,001 and $123,100,000 Between $123,100,001 and $123,200,000 Greater than $123,200,001Step by Step Solution
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