Question: Problem 8 - 1 5 ( Algo ) Helter Industries, a company that produces a line of women's bathing suits, hires temporaries to help produce
Problem Algo
Helter Industries, a company that produces a line of women's bathing suits, hires temporaries to help produce its summer product demand. For the current fourmonth rolling schedule, there are three temps on staff and fulltime employees. The temps can be hired when needed and can be used as needed, whereas the fulltime employees must be paid whether they are needed or not. Each fulltime employee can produce suits, while each parttime employee can produce suits per month.
Demand for bathing suits for the next four months is
tableMAYJUNE,JULY,AUGUST
Beginning inventory in May is a complete twopiece includes both top and bottom bathing suits. Bathing suits cost $ to produce and carrying cost is percent per year.
Develop an aggregate plan that uses the fulltime employees each month and a minimum number of temporary employees. Assume that all employees will produce at their full potential each month. Calculate the inventory carrying cost associated with your plan using planned endofmonth levels.
Note: Round "Inventory cost" and "Total inventory cost" to decimal places and "Temp workforce" answers to the nearest whole number.
tableMay,June,July,AugustForecastBeginning inventory,,,,Production required,,,,Regular workforce,,,,Regular production,,,,Temp workforce,,,,Temp production,,,,Total production,,,,Ending inventory,,,,Inventory costTotal Inventory cost,,,,
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
