Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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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
expand button
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
expand button
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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