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