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You're planning production for the next 6 months. Each unit costs $250 to produce and has inv. Holding cost of $10/month. The cost of hiring a worker is $100, firing a worker is $200. Each worker can produce 10 units/month. If a unit is produced using subcontracting it costs $300 At the beginning of the month there are 20 employees on payroll and 80 units in safety stock - at the end of this you would prefer to have 100 units in S.S. (Ending Inventory only matters for the Level Plan DO NOT WORRY ABOUT SAFETY STOCK IN THE CHASE PLANS). Also, I would HIGHLY recommend drawing yourself tables like the ones we used today in class. This will make it a lot easier to keep everything straight. Month 1 2 3 4 5 6 Demand 300 200 400 400 400 500 Question 1 10 pts You're planning production for the next 6 months. Each unit costs $250 to produce and has inv. Holding cost of $10/month. The cost of hiring a worker is $100, firing a worker is $200. Each worker can produce 10 units/ month. If a unit is produced using subcontracting it costs $300 At the beginning of the month there are 20 employees on payroll and 80 units in safety stock - at the end of this you would prefer to have 100 units in S.S. (Ending Inventory only matters for the Level Plan DO NOT WORRY ABOUT SAFETY STOCK IN THE CHASE PLANS). Month 1 2 3 4 5 6 Demand 300 200 400 400 400 500 Given this information, what level production rate plan would meet the demand for the next 6 months? Select] units per month Each unit costs $250 to produce. What would the cost of regular production be over the duration of the level plan? Select] Each unit costs $10 to hold per month. What would the cost of holding inventory be over the duration of the level plan? Select] The cost of hiring a worker is $100, firing a worker is $200. What would the total cost of hiring and firing workers be over the duration of the level plan? [Select) Given all of this, what is the total cost of the Level Plan? (Select] You're planning production for the next 6 months. Each unit costs $250 to produce and has inv. Holding cost of $10/month. The cost of hiring a worker is $100, firing a worker is $200. Each worker can produce 10 units/month. If a unit is produced using subcontracting it costs $300 At the beginning of the month there are 20 employees on payroll and 80 units in safety stock - at the end of this you would prefer to have 100 units in S.S. (Ending Inventory only matters for the Level Plan DO NOT WORRY ABOUT SAFETY STOCK IN THE CHASE PLANS). Also, I would HIGHLY recommend drawing yourself tables like the ones we used today in class. This will make it a lot easier to keep everything straight. Month 1 2 3 4 5 6 Demand 300 200 400 400 400 500 Question 1 10 pts You're planning production for the next 6 months. Each unit costs $250 to produce and has inv. Holding cost of $10/month. The cost of hiring a worker is $100, firing a worker is $200. Each worker can produce 10 units/ month. If a unit is produced using subcontracting it costs $300 At the beginning of the month there are 20 employees on payroll and 80 units in safety stock - at the end of this you would prefer to have 100 units in S.S. (Ending Inventory only matters for the Level Plan DO NOT WORRY ABOUT SAFETY STOCK IN THE CHASE PLANS). Month 1 2 3 4 5 6 Demand 300 200 400 400 400 500 Given this information, what level production rate plan would meet the demand for the next 6 months? Select] units per month Each unit costs $250 to produce. What would the cost of regular production be over the duration of the level plan? Select] Each unit costs $10 to hold per month. What would the cost of holding inventory be over the duration of the level plan? Select] The cost of hiring a worker is $100, firing a worker is $200. What would the total cost of hiring and firing workers be over the duration of the level plan? [Select) Given all of this, what is the total cost of the Level Plan? (Select]