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Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table.

Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table.

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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Totals Costs Cost of plan Planning values Starting inventory Starting and ending workforce Hours worked per month per worker Hours per unit Hiring cost per worker Layoff cost per worker Monthly per-unit holding cost ranscribed Text More Info a Print Month March April May June July August September October January February Ĉ Forecasted sales 1,379 1,323 1,015 833 1,561 1,883 2,002 2,086 November 2,499 December 2,450 2,219 1,715 Layoff 238 $238,000 Done Hiring Inventory 238 30,000 $1,190,000 $240,000 $1,668,000 2,500 232 175 25 $5,000 $1,000 $8 - X SI iv F fi I
Transcribed Image Text:Totals Costs Cost of plan Planning values Starting inventory Starting and ending workforce Hours worked per month per worker Hours per unit Hiring cost per worker Layoff cost per worker Monthly per-unit holding cost ranscribed Text More Info a Print Month March April May June July August September October January February Ĉ Forecasted sales 1,379 1,323 1,015 833 1,561 1,883 2,002 2,086 November 2,499 December 2,450 2,219 1,715 Layoff 238 $238,000 Done Hiring Inventory 238 30,000 $1,190,000 $240,000 $1,668,000 2,500 232 175 25 $5,000 $1,000 $8 - X SI iv F fi I
Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table. Click the icon to view the forecasted sales. Fill in the production plan table below (enter your responses as whole numbers). Sales in worker hours Month March Forecasted sales 1,379 to meet sales average = 250 Actual workers 232 Actual production Layoffs Hiring Ending inventory 2,500
Transcribed Image Text:Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here. Click the icon to view the costs table. Click the icon to view the forecasted sales. Fill in the production plan table below (enter your responses as whole numbers). Sales in worker hours Month March Forecasted sales 1,379 to meet sales average = 250 Actual workers 232 Actual production Layoffs Hiring Ending inventory 2,500
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