Verizon LTE 3:19 PM psu.instructure.com People D Question 1 5 pts Modules Deforr

Question

Verizon LTE 3:19 PM psu.instructure.com People D Question 1 5 pts Modules Deforrest Marine Motors manufactures engines for the speedboat racing cirouit. As part of their annual planning cycle, they forecasted demand for the next four quarters. Library Re Q1 02 30 400 1500 1300 1800 They also estimated many of the costs required to conduct operations planning. Use ending inventory (not average) to calculate cost. Enter all answers to the nearest dollar. Given the assumption that Deforrest Marine Molors will maintain the same number of employees (30 employees) for the entire year to follow a level strategy balanced with inventory and backorders as needed, what would be the total cost of this plan? $ What would be the total inventory cost as part of the overall level strategy? $ If management was interested in a chase strategy using a hirefire option, what would be the total cost of this plan? $ What would be the total hiring cost as part of the overall chase strategy?$ What is the difference in cost between the two strategies (level-chase)? $

Explanation / Answer

Level Plan:

Chase Plan:

If for D both hiring and firing is to be considered:

27200

Ans E

Q1 Q2 Q3 Q4 Total Demand 1400 1500 1300 1800 Begin Inv 200 300 300 500 50 30 Gen prod 1500 1500 1500 1500 Rate Staff Closing Inv 300 300 500 200 1000 Prod Cost 1500000 1500000 1500000 1500000 6000000 100 Inv Cost 30000 30000 50000 20000 130000 Ans B 200 Backorder cost 0 0 0 0 Total 6130000 Ans A

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