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Question Help The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,400 May

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Question Help The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,400 May 2,200 February 1,600 June 2.200 March 1.800 July 1,800 April 1,800 August 1.400 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. The plan is called plan C Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average gross requirements excluding initial inventory and allow varying inventory levels. Conduct your analysis for January through August The average monthly demand requirement units. (Enter your response as a whole number.) In order to arrive at the costs, first compute the ending inventory and stockout units for each month by filling in the table below (enter your responses as whole numbers Period Month 0 December 1 January 2. February 3 4 April 5 May 6 June March Ending Demand Production Inventory Stockouts (Units) 200 1.400 1.775 1,600 1.775 1,800 1,775 1,800 1,775 2.200 1.775 2.200 1.775 1.800 1.775 1,400 1,775 UL 7 July 8 August JUL The total stockout costs (Enter your response as a whole number) The total inventory carrying cost = $(Enter your response as a whole number.) The total cost, excluding normal time labor costs, is = $(Enter your response as a whole number)

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