Month Demand Forecast Month Demand Forecast January 133,067 July 251,630 Februar

Question

Month Demand Forecast Month Demand Forecast January 133,067 July 251,630 February 155,026 August 249,630 March 168,200 September 200,312 April 173,890 October 160,830 May 202,759 November 145,266 June 260,842 December 128,900 Regular production cost $38 per unit Holding cost $7 per unit per month based on ending inventory Backorder cost $18.00 per unit per month based on ending inventory Beginning Inventory 340,000 units Beginning workforce 7 employees Regular production rate 15,000 units per employee per month Hiring cost $6,000 per worker Firing cost $8,000 per worker 18. How many units are produced for the year using regular time production? A. Less than 1,800,000 B. Between 1,800,000 and 2,000,000 C. Between 2,000,001 and 2,200,000 D. More than 2,200,000 19. After hiring or firing any workers in the first month, how many workers are required throughout the year following the level production strategy? A. 11 B. 12 C. 13 D. 14 20. What is the hiring or firing cost in the first month following the level production strategy? A. Between $0 and $10,000 B. Between $10,001 and $20,000 C. Between $20,001 and $30,000 D. Between $30,001 and $40,000 21. What are the total costs incurred following the level production strategy? A. Less than $90,000,000 B. Between $90,000,001 and $92,100,000 C. Between $92,100,001 and $92,200,000 D. Greater than $92,200,001

Explanation / Answer

18. B. Between 1,800,000 and 2,000,000

19.  A. 11

20. C. Between $20,001 and $30,000

21. A. Less than $90,000,000

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