Question: i need this answer as soon as possible in 15 mints. please solve this urgently..!!! A businessman has developed monthly forecasts for a family of

i need this answer as soon as possible in 15 mints. please solve this urgently..!!!
A businessman has developed monthly forecasts for a family of products. Data for the 6-month period January to June are presented in Table below. a MONTH EXPECTED PRODUCTION DEMAND DAYS Jan 900 22 Feb 700 18 Mar 800 21 Apr 1.200 21 May 1.500 22 June 1.100 20 Inventory carrying cost $5 per unit per month Subcontracting cost per unit $ 20 per unit Average pay rate $ 10 per hour ($80 per day) Overtime pay rate $ 17per hour (above 8 hours per day) Labor-hours to produce a unit 1.6 hours per unit Cost of increasing daily production rate $300 per unit (hiring and training) Cost of decreasing daily production rate (layoffs) 5600 per unit The businessman maintains a constant workforce of eight people (regular working hour is 8) and uses overtime whenever necessary to meet demand. Assume beginning a Prepare an aggregate plan for him calculating regular labor cost, overtime & carrying costStep by Step Solution
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