Question: If you could please show how you solved the blank bolded problems in Excel that would be most helpful using the Chase production model Supply/Demand
If you could please show how you solved the blank bolded problems in Excel that would be most helpful using the Chase production model
| Supply/Demand Info | Beginning | Jan | Feb | Mar | Apr | May | Jun | TOTAL |
| Forecast (demand) | 58,000 | 59,800 | 56,400 | 49,800 | 61,400 | 61,800 | 347,200 | |
| Actual Production | ||||||||
| Regular production | 34000 | 34000 | 34000 | 34000 | 34000 | 34000 | 204000 | |
| Overtime production | 0 | |||||||
| Subcontract production | 0 | |||||||
| Ending inventory | 5,400 | -18,600 | -44,400 | -66,800 | -82,600 | -110,000 | -137,800 | -460,200 |
| Hired employees | 0 | |||||||
| Fired employees | 0 | |||||||
| Total employees | 170 | 170 | 170 | 170 | 170 | 170 | 170 | 170 |
| Cost Variables | Regular Production Cost | |||||||
| Labor cost/hour | $16 | Capacity Information | Total Overtime | |||||
| Labor cost per unit | $64 | Total labor hours/SSD | 4 | Total Subcontract | ||||
| Overtime cost/unit | $38 | Regular production units/employee/month | 200 | Total Holding Cost | ||||
| Subcontracting cost/unit | $35 | Max regular production/month | 56,200 | Hire Cost | ||||
| Holding cost/unit/month | $8 | Max overtime production/month | 5,000 | Fire Cost | ||||
| Hiring cost/employee | $2,900 | Max subcontractor production/month | 5,200 | TOTAL COST | ||||
| Firing cost/employee | $5,400 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
