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Using the given information below, determine the following: a) Production Capacity b) Max Overtime Available Hiring Cost (per new employee) 1000 Lay-off cost (per laid
Using the given information below, determine the following:
a) Production Capacity
b) Max Overtime Available
Hiring Cost (per new employee) | 1000 | |
Lay-off cost (per laid off employee) | 2000 |
Regular Time Labour, $ | 15 | |
Overtime Labour | 22 | |
Subcontracting cost (per unit) | 0 | |
Inventory carrying cost (per unit per month) | 3 | |
Material cost (per unit), | 40 | |
Selling Price (per unit) | 125 | |
Starting Inventory, Jan. | 5000 | |
Desired Ending Inventory | 5000 | |
Overtime Limit (number of units produced per employee) | 20 | |
Production Capacity (per employee per month) | ||
Starting Workforce | 250 | |
# of labour hours required per sink | 2 | |
# of hours/day | 8 | |
# of days/month | 20 | |
# of hours/month | 160 | |
overtime limit of hours per employee | 20 |
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