Question: Please show work, thank you! The Data Table and Aggregate Demand Forecast below provide information related to one of the major product lines of refrigerators

Please show work, thank you!

Please show work, thank you! The Data Table andPlease show work, thank you! The Data Table and

The Data Table and Aggregate Demand Forecast below provide information related to one of the major product lines of refrigerators for Dayton Manufacturing Co. On Tab A develop a Level production plan. Include monthly and total costs On Tab B develop a Chase production plan. Include monthly and total costs. Level Strategy # of Days 20 Month September October November December 23 Forecast 15,000 12,000 10,000 9,000 September 20 October 23 November 21 December 16 21 16 Day in Month Aggregate Forecast 150 3 Data Box Productivity and Cost Data Material and Overhead $/Unit Inventory Holding Cost $/Unit on End Inv. Regular Time Production $/Hour Overtime Production $/Hour Max OT as % of Regular Time Production Subcontracting $/Unit Cost to Fire $/Person Cost to Hire $/Person Regular Time Production (Units) Overtime Production (Units) Number of Workers Hired Number of Workers Fired Subcontracting (Units) Beginning Inventory Ending Inventory 7.5 11.25 20 225 900 1200 2 Labor Hours/Unit Production Hours/Day 8 Costs Regular Time Production Overtime Production Hiring Workers Firing Workers Subcontracting Material and Overhead Inventory (Based on El) Monthly Total Costs Beginning Inventory Level (Units) Desired Minimun Monthly End Inv. (Units) 1000 300 Overall Cost of the Plan Forecast Chase Strategy Month September October # of Days 20 23 September October November December 15,000 12,000 10,000 9,000 21 November December Day in Month Aggregate Forecast 16 150 Data Box Productivity and Cost Data Material and Overhead $/Unit Inventory Holding Cost $/Unit on End Inv. Regular Time Production $/Hour Overtime Prodsution $/Hour Max OT as % of Regular Time Production Subcontracting $/Unit Cost to Fire $/Person Cost to Hire $/Person 3 7.5 11.25 20 225 900 1200 Regular Time Production (Units) Overtime Production (Units) Number of Workers Hired Number of Workers Fired Subcontracting (Units) Beginning Inventory Ending Inventory 2 Labor Hours/Unit Productiion Hours/Day Costs Regular Time Production Overtime Production Hiring Workers Firing Workers Material and Overhead Inventory Monthly Total Costs 8 Beginning Inventory Level (Units) Desired Minimun Monthly End Inv. (Units) 1000 300 Overall Cost of the Plan

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!