A small manufacturer of specialty welding equipment has developed a level production plan for the next...
A small manufacturer of specialty welding equipment has developed a level production plan for the next four quarters, as seen below:
| Supply/Demand Info | Pre-Q1 | Q1 | Q2 | Q3 | Q4 |
| Forecast (demand) | 2,300 | 2,760 | 3,680 | 5,980 | |
| Regular production | 3,680 | 3,680 | 3,680 | 3,680 | |
| Subcontract production | |||||
| Ending inventory | |||||
| Hired employees | 11 | ||||
| Fired employees | |||||
| Total employees | 21 | 32 | 32 | 32 | 32 |
The table below shows additional relevant information:
| Capacity Information & Cost Variables | |
| Production rate (units/employee/quarter) | 115 |
| Subcontractor capacity (units/quarter) | 480 |
| Regular production cost/unit | $74 |
| Holding cost/unit/quarter | $14 |
| Hiring cost/employee | $980 |
| Firing cost/employee | $2,150 |
| Subcontract cost/unit | $104 |
What is the overall total cost for this production
plan? (Display your answer to the nearest whole
number.)
What is the total regular production cost for this
production plan? (Display your answer to the nearest whole
number.)
What is the total holding cost for this production
plan? (Display your answer to the nearest whole
number.)
Homework Answers
Formula
What is the overall total cost for this production plan?
(Display your answer to the nearest whole number.)
overall total cost = Regular production cost+Holding cost+Hiring
cost
=14720*74+5980*14+11*980
= 1183780
What is the total regular production cost for this production plan? (Display your answer to the nearest whole number.)
Regular production cost = 14720*74 = 1089280
What is the total holding cost for this production plan? (Display your answer to the nearest whole number.)
Total holding cost = 5980*14 = 83720
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A small manufacturer of specialty welding equipment has
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