Question: Complete the level production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you
Complete the level 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.
Fill in the production plan table below (enter your responses rounded to the nearest whole number).



\begin{tabular}{lccc} & & & \\ \hline Totals & Layoff & Hiring & Inventory \\ Costs & 15 & 15 & 27,556 \\ Cost of plan & $15,000 & $60,000 & $82,668 \\ Planning values & & $157,668 & \\ Starting inventory & & & 500 \\ Starting and ending workforce & & 212 \\ Hours worked per month per worker & & 270 \\ Hours per unit & & & 30 \\ Hiring cost per worker & & $4,000 \\ Layoff cost per worker & & $1,000 \\ Monthly per-unit holding cost & & $3 \\ \hline \end{tabular} \begin{tabular}{lc} \hline \multicolumn{1}{c}{ Month } & Forecasted sales \\ \hline March & 1,523 \\ April & 1,443 \\ May & 1,168 \\ June & 1,080 \\ July & 1,519 \\ August & 1,991 \\ September & 2,533 \\ October & 2,507 \\ November & 3,004 \\ December & 3,065 \\ January & 2,533 \\ February & 2,150 \\ \hline \end{tabular} Fill in the production plan table below (enter your responses rounded to the nearest whole number). \begin{tabular}{cccccccc} \hline & Forecasted \\ Month & Sales in sales worker hours & Workers needed to meet sales average =227 & Actual workers & Actual production & Layoffs & Hiring \\ \hline \end{tabular} \begin{tabular}{lccc} & & & \\ \hline Totals & Layoff & Hiring & Inventory \\ Costs & 15 & 15 & 27,556 \\ Cost of plan & $15,000 & $60,000 & $82,668 \\ Planning values & & $157,668 & \\ Starting inventory & & & 500 \\ Starting and ending workforce & & 212 \\ Hours worked per month per worker & & 270 \\ Hours per unit & & & 30 \\ Hiring cost per worker & & $4,000 \\ Layoff cost per worker & & $1,000 \\ Monthly per-unit holding cost & & $3 \\ \hline \end{tabular} \begin{tabular}{lc} \hline \multicolumn{1}{c}{ Month } & Forecasted sales \\ \hline March & 1,523 \\ April & 1,443 \\ May & 1,168 \\ June & 1,080 \\ July & 1,519 \\ August & 1,991 \\ September & 2,533 \\ October & 2,507 \\ November & 3,004 \\ December & 3,065 \\ January & 2,533 \\ February & 2,150 \\ \hline \end{tabular} Fill in the production plan table below (enter your responses rounded to the nearest whole number). \begin{tabular}{cccccccc} \hline & Forecasted \\ Month & Sales in sales worker hours & Workers needed to meet sales average =227 & Actual workers & Actual production & Layoffs & Hiring \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
