Question: Please show all your work and how you got each answer, only then will I reward you with credit. You're planning production for the next

Please show all your work and how you got eachPlease show all your work and how you got eachPlease show all your work and how you got each answer, only then will I reward you with credit.

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 2 7.5 pts For this one you'll be putting together a Hire/Fire Chase Plan. 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 ENDING INVENTORY REQUIREMENTS IN THE CHASE PLANS - you'll just end with the same level of inventory you started with). Month 1 2 3 4 5 6 Demand 300 200 400 400 400 500 Each unit costs $250 to produce. What would the cost of regular production be over the duration of the Hire/Fire Chase plan? [Select ] Each unit costs $10 to hold per month. What would the cost of holding inventory be over the duration of the Hire/Fire Chase 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 Hire/Fire Chase plan? (Select ] Given all of this, what is the total cost of the Hire/Fire Chase 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 2 7.5 pts For this one you'll be putting together a Hire/Fire Chase Plan. 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 ENDING INVENTORY REQUIREMENTS IN THE CHASE PLANS - you'll just end with the same level of inventory you started with). Month 1 2 3 4 5 6 Demand 300 200 400 400 400 500 Each unit costs $250 to produce. What would the cost of regular production be over the duration of the Hire/Fire Chase plan? [Select ] Each unit costs $10 to hold per month. What would the cost of holding inventory be over the duration of the Hire/Fire Chase 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 Hire/Fire Chase plan? (Select ] Given all of this, what is the total cost of the Hire/Fire Chase Plan? [Select]

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