Question: Please answer question #10. Part B. For questions 3-10, base your answers on the following information and select your answer for each question from the


Please answer question #10.
Part B. For questions 3-10, base your answers on the following information and select your answer for each question from the answer table. Information for Questions 3-10. The quarterly demand is 4000, 2800, 4400, 3200, for quarters 1,2,3,4, respectively. The production standard is 250 items/quarter. The hiring cost is $400/FTE. The firing cost is $500/FTE. | The carrying cost is $4/item/quarter. Answer Table for Questions 3-10. Ending Answer Production Total FTE FTE FTE Total Hired Inventory Carrying Cost Requirement Fired Quarter 1 Annual Quarter 2 Quarter 3 Quarter 1 Quarter 2 Quarter 3 Cost A 4030 660 2700 16.12 6.4 4.8 19200 B 3600 1000 2400 14.4 0 0 8000 3990 580 2300 15.96 6.4 4.8 17920 D 3630 1060 2700 14.52 0 0 8960 4000 600 2400 16 6.4 4.8 18240 F 3590 980 2300 14.36 0 0 7680 G None of the Above Set lola Question 10. With a beginning annual inventory of 600 and an ending annual inventory of 600, then what is the minimum total cost for a production plan that satisfies all the requirements? (Note: Minimum cost implies minimum total cost where total cost is total annual hiring cost plus total annual firing cost plus total annual inventory carrying cost) A. $112000 B. $6240 C. $58640 D. $4640 E. None of the AboveStep by Step Solution
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