Question: 2- Suppose we wish to set up a production plan for the JC Company for the next six months. We are given the following

2- Suppose we wish to set up a production plan for the

2- Suppose we wish to set up a production plan for the JC Company for the next six months. We are given the following information: Jan Feb March April May June Number of working days 22 Demand forecast 19 1800 1500 1100 21 21 22 20 900 1100 1600 Beginning Inventory 400 Workforce size 30 Labor hours required per unit: 4 Safety stock: 25% of the demand forecast Overtime cost per hour $4,00 Straight-time cost per hour (first 8 hrs) $2,00 Inventory holding cost (unit/month) $1,00 JC Company is planning to produce using a constant workforce (given above) on regular time and they will use overtime to meet additional output requirements. Calculate the total cost of this plan. 65,000 b) 65,350 69,560 71,350 Bo brak

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