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Right now is Oct 27, 2021. You are developing an aggregate production plan for 2022. Suppose the beginning inventory at the first quarter of 2022
Right now is Oct 27, 2021. You are developing an aggregate production plan for 2022. Suppose the beginning inventory at the first quarter of 2022 is estimated to be 121 units. The forecasted demand for Quarter 1 through Quarter 4 of 2022 are 1,075, 1,392, 1,303, and 1,333 units, respectively. The cost of regular-time production is $54 per unit while the cost of overtime production per unit is (OP) percent more than the cost of regular- time production per unit. You want to use the level production plan with overtime. Consequently, you set a constant regular-time production at 839 units in each quarter of 2022. If the demand in each quarter must be satisfied, what is the total cost of regular-time production in 2022
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