Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months. The company's expected monthly demand is given in the following chart. The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month. Following is other critical data: Production cost per unit- $50 Inventory carrying cost per month per unit = $10 (based on ending month inventory) Hiring cost per worker = $300 Firing cost per worker - $200 Beginning number of workers = 16 Each worker can produce 50 units per month. Beginning Inventory: 50 Beginning Workers: 16 Month 1 2 3 4 Demand Regular Production Overtime Ending Inventory Workers Required Hire Fire 1,000 1,200 1,500 1,300 Total What is the total inventory carrying cost for the level plan? Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months. The company's expected monthly demand is given in the following chart. The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month. Following is other critical data: Production cost per unit- $50 Inventory carrying cost per month per unit = $10 (based on ending month inventory) Hiring cost per worker = $300 Firing cost per worker = $200 Beginning number of workers = 16 Each worker can produce 50 units per month. Beginning Inventory: 50 Beginning Workers: 16 Month 1 2 3 4 Demand Regular Production Overtime Ending Inventory Workers Required Hire Fire 1,000 1,200 1,500 1,300 Total What is the total inventory carrying cost for the level plan? Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months. The company's expected monthly demand is given in the following chart. The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month. Following is other critical data: Production cost per unit- $50 Inventory carrying cost per month per unit = $10 (based on ending month inventory) Hiring cost per worker = $300 Firing cost per worker - $200 Beginning number of workers = 16 Each worker can produce 50 units per month. Beginning Inventory: 50 Beginning Workers: 16 Month 1 2 3 4 Demand Regular Production Overtime Ending Inventory Workers Required Hire Fire 1,000 1,200 1,500 1,300 Total What is the total inventory carrying cost for the level plan? Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months. The company's expected monthly demand is given in the following chart. The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month. Following is other critical data: Production cost per unit- $50 Inventory carrying cost per month per unit = $10 (based on ending month inventory) Hiring cost per worker = $300 Firing cost per worker = $200 Beginning number of workers = 16 Each worker can produce 50 units per month. Beginning Inventory: 50 Beginning Workers: 16 Month 1 2 3 4 Demand Regular Production Overtime Ending Inventory Workers Required Hire Fire 1,000 1,200 1,500 1,300 Total What is the total inventory carrying cost for the level plan?
Expert Answer:
Answer rating: 100% (QA)
Regular Month Demand Production 1 2 3 4 1000 1200 1500 1300 5000 800 950 1200 ... View the full answer
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
Students also viewed these general management questions
-
How do enzymes facilitate metabolic pathways, and what mechanisms ensure the coordination and regulation of these pathways? Illustrate with examples from glycolysis or the citric acid cycle .
-
Jones Inc. is preparing an aggregate production plan for next year. The company expects demand to be 1,000 units in quarter 1; 2,000 units in quarter 2; 4,000 units in quarter 3; and 3,000 units in...
-
Appliances Inc. is preparing an aggregate production plan for washers for next four months. The companys expected monthly demand is given below in the chart. The company will have 500 washers in...
-
In the year to 5 April 2021, Thomas More made the following disposals: (i) A flat in a house that he had purchased on 1 December 2010 for 80,000. It had never been occupied as the main residence and...
-
Draw a production possibilities curve based on Table 1.1, labeling combinations A-F. What is the opportunity cost of increasing missile production? TABLE A.1 Hypothetical Relationship of Grades to...
-
Your manager advises you that clients Mike and Winona Marsh, residents of Bath, Maine, acquired beachfront property in Maine in 2002 and titled the property in their names as joint tenants with right...
-
For the goodness-of-fit test to be valid, each of the _______________ frequencies must be at least 5. In Exercises 9 and 10, fill in each blank with the appropriate word or phrase.
-
Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended January 30, 2016, are available in Connect. This...
-
Describe some different types of ratios and how they are used to assess performance. Explain the components of the formula and the order of operations to calculate them. Discuss what these ratios say...
-
Amherst Networking Systems adjusts and closes its books and then prepares financial statements monthly. Amherst uses the perpetual inventory system and all sales on credit have terms of n/30. The...
-
12. Tiffany opened a saving account today and she immediately puts $7,000 into it. She plans to contribute another $13,000 one year from now, and $15,000 two years from now. The saving account pays...
-
Describe the special forms of cooperative strategies found in Asia.
-
Assess the impact of dumping on prices in global markets.
-
Compare and contrast the aesthetic elements of the different types of laundry detergent at the local supermarket. How does aesthetics influence your purchase decision?
-
What are duty drawbacks, and which types of economy are likely to use them?
-
Compare and contrast the different forms that a companys foreign investments can take.
-
During periods of inflation, the general tendency is toward higher interest rates.During recessions, both the demand for money and the rate of inflation tend to fall. at the same time, the Federal...
-
Consider the reaction of acetic acid in water CH 3 CO 2 H(aq) + H 2 O(l) CH3CO 22 (aq) + H 3 O + (aq) where Ka 5 1.8 3 1025. a. Which two bases are competing for the proton? b. Which is the stronger...
-
Uni-Invest Ltd. holds commercial and residential real estate interests in Nova Scotia, New Brunswick, Prince Edward Island, Alberta, and British Columbia. On October 23, Year 10, Basic Realty...
-
On January 1, Year 5, Pic Company acquired 7,500 ordinary shares of Sic Company for $600,000. On January 1, Year 6, Pic Company acquired an additional 2,000 ordinary shares of Sic Company for...
-
The balance sheets of Petron Co. and Seeview Co. on June 29, Year 2, were as follows: On June 30, Year 2, Petron Co. purchased 90% of the outstanding shares of Seeview Co. for $40,500 cash. Legal...
-
A Ltd owns 100% of the issued share capital of B Ltd and 70% of the issued share capital of C Ltd. C Ltd owns 70% of the issued share capital of D Ltd. (a) Which companies are associated with A Ltd?...
-
S1 Ltd and S2 Ltd belong to the same capital gains group. In May 2020, S1 Ltd transferred a chargeable asset to S2 Ltd. The original cost of this asset to S1 Ltd was 10,000 and its market value in...
-
The ordinary share capital of W Ltd (which is a trading company) is owned 30% by X Ltd, 25% by Y Ltd and 45% by Z Ltd. All of these companies are UK resident and they prepare accounts to 31 March....
Study smarter with the SolutionInn App