0.6. Psychics of the World, Inc. wants an aggregate plan for its organization. Given the naturs...

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0.6. Psychics of the World, Inc. wants an aggregate plan for its organization. Given the naturs of the business, Psychics has decided that back orders are not acceptable. If a caller cano be handled immediately, the call is a lost sale. Prychics has predicted the following number of calls: May-8000 calls, June-5000 calls, July-6000 calls, August-7000 calls, September-6000 calls, October-8000 calls, November 10,000 calls, and December-12,000 calls. Psychics of the World pays each of its 48 employees $4000 per month. Each psychic works 160 regular-time hours per month or 40 regular-time hours per week. The regular-time labor cost of a call is $25, and the overtime labor cost per call is $37.5. Each psychic is expected to serve 200 callers per month. The management has limited overtime to 50 calls per month per psychic. It costs $3000 to hire a new psychic and $2000 to fire a psychic. Using the data in Table below, develop a level aggregate plan without inventory, without back orders, and without overtime. (20 points) Calculate detailed costs and total cost of this plan. (5 points) Cost Data Regular-time labor cost per month Regular-time labor cost per hour Overtime labor cost per hour Capacity Data Hiring cost per employee Firing cost per employee Beginning workforce (employees) Service standard per call (hours) Regular-time available per period (hours) Overtime available per period (hours) Demand Data (calls) May June July Aug Sept Oct Nov Dec Total Number of Periods $4,000.00 $25.00 $37.50 $3,000.00 $2.000.00 48 0.8 160 40 8000 5000 6000 7000 6000 6000 10000 12000 0.6. Psychics of the World, Inc. wants an aggregate plan for its organization. Given the naturs of the business, Psychics has decided that back orders are not acceptable. If a caller cano be handled immediately, the call is a lost sale. Prychics has predicted the following number of calls: May-8000 calls, June-5000 calls, July-6000 calls, August-7000 calls, September-6000 calls, October-8000 calls, November 10,000 calls, and December-12,000 calls. Psychics of the World pays each of its 48 employees $4000 per month. Each psychic works 160 regular-time hours per month or 40 regular-time hours per week. The regular-time labor cost of a call is $25, and the overtime labor cost per call is $37.5. Each psychic is expected to serve 200 callers per month. The management has limited overtime to 50 calls per month per psychic. It costs $3000 to hire a new psychic and $2000 to fire a psychic. Using the data in Table below, develop a level aggregate plan without inventory, without back orders, and without overtime. (20 points) Calculate detailed costs and total cost of this plan. (5 points) Cost Data Regular-time labor cost per month Regular-time labor cost per hour Overtime labor cost per hour Capacity Data Hiring cost per employee Firing cost per employee Beginning workforce (employees) Service standard per call (hours) Regular-time available per period (hours) Overtime available per period (hours) Demand Data (calls) May June July Aug Sept Oct Nov Dec Total Number of Periods $4,000.00 $25.00 $37.50 $3,000.00 $2.000.00 48 0.8 160 40 8000 5000 6000 7000 6000 6000 10000 12000

Answer rating: 100% (QA)

Answer Aggregate Plan Without Inventory Without Back Orders and Without Overtime The aggregate plan for Psychics of the World Inc without inventory wi... View the full answer