JokersRWild makes playing cards in several different styles, but a \"standard\"

Question

JokersRWild makes playing cards in several different styles, but a "standard" deck of cards is used for planning purposes. The average worker at JokersRWild can make 10,000 sets of decks of cards per month at a cost of $1.80 per deck during regular production and S2 0 during overtime. The company currently employs 19 workers. Experience shows hat it costs $900 o hire worker and $900 o re ? worker Inventory carrying cost is $33 per deck per month The begining irventory is 44,000, arid al least thal amournl is desired each morilh. Assume hiring and layolTiring, if necessary, occur al he tbegir?ning of the morlh Month Dernarnd 150,000 190,000 120.000 370,000 390,000 110,000 a. Given the above demand estimate, develap a six-month production plan hased on level production (Leave no cells blank- be certain to enter "o" wherever required.) Level Production Plan Ending Number of Month Demand Regular Hire Fire layoff March April May une Total b. Determine the cost of the level production plan I cost

Explanation / Answer

Total cost= 6,404,000+142,000*1.80+19,800+9,000=6,458,360

Level Production Plan Month Demand Regular Production Ending Inventory units Carrying cost Number of workers Hire Fire layoff Jan 150,000 150,000 44,000 1,452,000 15 0 3,600 Feb 190,000 180,000 34,000 1,122,000 18 2700 0 March 120,000 120,000 34,000 1,122,000 12 0 5400 April 370,000 370,000 34,000 1,122,000 37 13,500 0 May 380,000 370,000 24,000 792,000 37 0 0 June 410,000 410,000 24,000 792,000 41 3600 0 Total 162,000 142,000 6,402,000 160 19,800 9,000

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