Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE PROVIDE EXCEL FORMULAS Excel Online Structured Activity: Chase Production Strategy The ATV Corporation makes three models of all-terrain vehicles: Model A, Model B, and
PLEASE PROVIDE EXCEL FORMULAS
Excel Online Structured Activity: Chase Production Strategy The ATV Corporation makes three models of all-terrain vehicles: Model A, Model B, and Model C. Model A uses a 0.4-liter engine, Model B uses a 0.5-liter engine, and Model C uses a 0.6-liter engine. The aggregate production plan is the twelve-month plan that combines all three models together in total monthly production. The planning horizon is twelve months. The APP determines the size of the workforce, which is the constrained resource. Assume that the beginning inventory for January and that the desired monthly ending inventory is 100 units (30 units each of Model A and Model B, and 40 units of Model C), and the firm desires to have an ending inventory of 140 units at the end of the year. On average, one unit of ATV requires eight labor hours to produce, and a worker contributes 160 hours (8 hours x 5 days X 4 weeks) per month. The data has been collected in the Microsoft Excel Online file below. Use the Microsoft Excel Online file below to develop the chase production strategy and answer the following questions. Open spreadsheet Questions 1. What are the totals of the forecast demand (including inventory adjustment for December), production, hours and workers associated with aggregate production plan? (Hint: find the total number of workers as the sum of workers required during each month.) Round your answers to the nearest whole number. Forecast Demand (Units) Production (Units) Capacity Needed Hours Workers Chase Production Strategy Aggregate Production Plan for the ATV Corporation Desired Monthly Ending Inventory Desired End of Year Inventory Worker hours needed per unit Worker hours per month (8 hrs x 5 days x 4 weeks) December Inventory Adjustment 100 140 8 160 Formulas #N/A Capacity Needed Capacity Needed (Labor) Production Ending Inventory (Units) (Units) Hours Workers Forecast Demand Demand Period (Units) (Units)" January 160 February 140 March 280 April 480 May 640 June 740 July 800 August 620 September 520 440 November 200 December 100 TOTALS 5,120 "excluding December Inventory Adjustment **including December Inventory Adjustment Total Forecast Production Demand (Units)** (Units) #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Ending Inventory (Units) #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Hours #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A OctoberStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started