Answered step by step
Verified Expert Solution
Question
1 Approved Answer
thats a 630 in production 15 100 7.25 Beginning Workers Beginning inventory = Productive hours/worker/day = Units per worker per month Paid hours/worker/day = Working
thats a 630 in production 15 100 7.25 Beginning Workers Beginning inventory = Productive hours/worker/day = Units per worker per month Paid hours/worker/day = Working days in month 30 8 20 Materials $1,200 $400 Holding costs = Marginal cost of backorder $550 $500 Hiring and training cost- Layoff costs = $800 Straight time labor cost/hr. $28 Feb Mar Apr Jui May 64 600 730 1,200 910 0 0 20 10 10 Chase Strategy Jan Demand 550 Beginning Inv. 100 Net 450 Requirements Beginning 15 Workers 63 600 730 1,190 890 40 15 20 30 25 Hired 0 0 5 10 5 5 ON Fired 0 0 o 0 0 21 15 20 40 25 30 900 631 600 1,200 450 750 Req. Workers Production Ending Inventory Material Cost 0 0 0 20 10 10 What is the total labor cost? O $604,000 O $613,060 O $676.480 O $624,000
thats a 630 in production
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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