What is the Minimum cost with minimum inventory plan? Labor standard is 80 minutes/unit Regular time...

 

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What is the Minimum cost with minimum inventory plan? Labor standard is 80 minutes/unit Regular time cost: 24/hour Overtime cost: $36/hour Inventory carrying cost is $12.00/item/month FTE Standard is 520 hours/quarter Operation is 40 hours/week, 52 weeks/year, 12 month/year Beginning inventory: 2000 units Ending inventory: 1500 units Regular time production capacity is limited to 35 FTE/month 2 5 6 7 8 9 11 12 Month 1 3 4 10 There is no hiring or firing costs Demand 3600 3550 3240 4460 4600 5520 6850 6150 5590 5810 4360 3470 What is the Minimum cost with minimum inventory plan? Labor standard is 80 minutes/unit Regular time cost: 24/hour Overtime cost: $36/hour Inventory carrying cost is $12.00/item/month FTE Standard is 520 hours/quarter Operation is 40 hours/week, 52 weeks/year, 12 month/year Beginning inventory: 2000 units Ending inventory: 1500 units Regular time production capacity is limited to 35 FTE/month 2 5 6 7 8 9 11 12 Month 1 3 4 10 There is no hiring or firing costs Demand 3600 3550 3240 4460 4600 5520 6850 6150 5590 5810 4360 3470

Answer rating: 100% (QA)

Month 3 4 5 8 9 10 11 12 Total Opening Inventory CA 2000 2950 3950 5260 S350 SJOC 433 203 430 380 De... View the full answer