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Assuming the company ONLY uses overtime and/or subcontract production if regular production capacity is not sufficient, answer the following questions: What is the regular production cost (over the six months from January through June) for a CHASE production plan? (Display your answer to the nearest whole number.) 11340000 What is the total overtime production cost for this production plan? (Display your answer to the nearest whole number.) 48000 What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) 167400 What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total cost (sum of all costs) for this production plan? (Display your answer to the nearest whole number.) Number

Assuming the company ONLY uses overtime and/or subcontract production if regular production capacity is not sufficient, answer the following questions: What is the regular production cost (over the six months from January through June) for a CHASE production plan? (Display your answer to the nearest whole number.) 11340000 What is the total overtime production cost for this production plan? (Display your answer to the nearest whole number.) 48000 What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) 167400 What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total cost (sum of all costs) for this production plan? (Display your answer to the nearest whole number.) Number

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Assuming the company ONLY uses overtime and/or subcontract production if regular production capacity is not sufficient, answer the following questions: What is the regular production cost (over the six months from January through June) for a CHASE production plan? (Display your answer to the nearest whole number.) 11340000 What is the total overtime production cost for this production plan? (Display your answer to the nearest whole number.) 48000 What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) 167400 What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total cost (sum of all costs) for this production plan? (Display your answer to the nearest whole number.) Number
Transcribed Image Text:Assuming the company ONLY uses overtime and/or subcontract production if regular production capacity is not sufficient, answer the following questions: What is the regular production cost (over the six months from January through June) for a CHASE production plan? (Display your answer to the nearest whole number.) 11340000 What is the total overtime production cost for this production plan? (Display your answer to the nearest whole number.) 48000 What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) 167400 What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total cost (sum of all costs) for this production plan? (Display your answer to the nearest whole number.) Number
PP.52 A manufacturer of solid state drives (SSDS) has projected the next six months of demand to be as shown the table below: Supply/Demand Info Beginning Jan Feb Mar Apr May Jun Forecast (demand) 59,600 51,600 62,600 57,200 47,800 48,800 Regular production Overtime production Subcontract production Ending inventory Hired employees 4,800 Fired employees Total employees 220 Cost variables are as follows: Cost Variables Labor cost/hour $18 Overtime cost/unit $30 Subcontracting cost/unit Holding cost/unit/month Hiring cost/employee $27 $12 $3,800 Firing cost/employee $5,700 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/SSD 2 Regular production units/employee/month Max regular production/month 200 56,000 Max overtime production/month Max subcontractor production/month 4,800 5,000
Transcribed Image Text:PP.52 A manufacturer of solid state drives (SSDS) has projected the next six months of demand to be as shown the table below: Supply/Demand Info Beginning Jan Feb Mar Apr May Jun Forecast (demand) 59,600 51,600 62,600 57,200 47,800 48,800 Regular production Overtime production Subcontract production Ending inventory Hired employees 4,800 Fired employees Total employees 220 Cost variables are as follows: Cost Variables Labor cost/hour $18 Overtime cost/unit $30 Subcontracting cost/unit Holding cost/unit/month Hiring cost/employee $27 $12 $3,800 Firing cost/employee $5,700 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/SSD 2 Regular production units/employee/month Max regular production/month 200 56,000 Max overtime production/month Max subcontractor production/month 4,800 5,000
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