Question: how do you get the answer for this problem. Inventory Holding Costs Hiring Workers Layoff Workers Unit Cost Overtime Cost Subcontracting $10 per unit $40

how do you get the answer for this problem. how do you get the answer for this problem.how do you get the answer for this problem.

Inventory Holding Costs Hiring Workers Layoff Workers Unit Cost Overtime Cost Subcontracting $10 per unit $40 per unit $80 per unit $30 per unit $15 extra per unit ($45) $60 per unit Your job is to develop an aggregate plan for the next four quarters. a. Plan A - Hire or fire to produce exactly the prior quarter's demand. What is the cost of this plan? $ (Select] How much was spent on hiring? [Select] b. Plan B - Adopt a level strategy at a production rate of 1,150 units per quarter where one holds the employment steady. What is the cost of this plan? $ [Select] What were the total lost sales, including the cost? (Select] C. Plan C - Utilize a mixed strategy, first produce at a level production rate of 900 per quarter, then utilizing overtime with a cap of 200 units, then subcontracting. What is the cost of this plan? $ [Select] d. Which is the more economical plan for Deb Bishop Health and Beauty Products? [Select] Deb Bishop Health and Beauty Products has developed a new shampoo, and you need to develop its aggregate schedule. The cost accounting department has supplied you the costs relevant to the aggregate plan, and the marketing department has provided a four-quarter forecast. All are shown as follows: Q1 1,400, Q2 1,200, Q3 1,500. Q4 1,300 Costs: 1,500 units 100 units Previous Quarters Output Beginning Inventory Stock-out Inventory Holding Costs Hiring Workers Layoff Workers $50 per unit $10 per unit $40 per unit $80 per unit Unit Cost $30 per unit Overtime Cost $15 extra per unit ($45) $60 per unit Subcontracting Your job is to develop an aggregate plan for the next four quarters. a. Plan A - Hire or fire to produce exactly the prior quarter's demand. What is the cost of this plan? $ (Select] How much was spent on hiring? [Select ] b. Plan B - Adopt a level strategy at a production rate of 1,150 units per quarter where one holds the employment steady. What is the cost of this plan? $ [Select] What were the total lost sales, including the cost? (Select ] c. Plan C - Utilize a mixed strategy, first produce at a level production rate of 900 per quarter, then utilizing overtime with a cap of 200 units, then subcontracting. What is the cost of this plan? $ [Select]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!