Question: 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 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 plancorrectly, your hiring, layoff, and inventory costs should match those given here.
1st cost table:
Layoff Hiring Inventory Totals: 270 270 36,000 Costs: $405,000 $540,000 $72,000 Cost of plan: $1,017,000 Planning values Starting inventory: 3,000 Starting and ending workforce: 223 Hours worked per month per hour: 315 Hours per unit: 35 Hiring cost per worker: $2,000 Layoff cost per worker: $1,500 Monthly per-unit holding cost: $2
2nd cost table:
Month Forecasted sales March 1,728 April 1,719 May 1,179 June 927 July 1,890 August 2,313 September 2,475 October 2,709 November 3,249 December 3,357 January 2,799 February 2,457
Fill in the production plan table below (enter your responses as whole numbers).
| Month | Forecasted sales | Sales in worker hours | to meet sales average=248 | Actual workers | Actual production | Layoffs | Hiring | Ending inventory |
| 223 | 3,000 | |||||||
| March | 1,728 | enter your response here(____) | enter your response here(___) | enter your response here(___) | enter your response here(___) | enter your response here(___) | enter your response here(___) | enter your response here(___) |
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