please give right answer for thumbs up. I will down rate for wrong answer. Probl

Question

please give right answer for thumbs up. I will down rate for wrong answer.

Problem 4: Manager Chris Channing of Fabric Mills, Inc. has developed the forecast shown in the table for bolts of cloth. The figures are in bune reds of bolts. The department has a normal capacity of 275(000) bolts per month, except for the seventh month, when capacity will be 250(000) bolts. Normal output has a cost of $40 per hundred beginning inventory is zero bolts. a. Develop a chase plan that matches the forecast and compute the total cost of your plan. overtime first bolts. Workers can be assigned to other jobs if production is less than normal. The Overtime is $60 per hundred bolts. HINT: Use

Explanation / Answer

Hi, please find below right answer for your question.

Month

1

2

3

4

5

6

7

Total

Forecast

250

300

250

300

280

275

270

1925

Output- Reg

250

275

250

275

275

275

250

1850

Output –OT

25

25

5

20

75

Subcontract

Output-Forst

Inventory

Beg Inv.

End Inv.

Ave. Inv.

Backlog

Costs

Reg Time

10000

11000

10000

11000

11000

11000

10000

74000

OT Time

1500

1500

300

1200

4500

Subcontract

Inventory

Backlog

Total Costs

$78500

Month

1

2

3

4

5

6

7

Total

Forecast

250

300

250

300

280

275

270

1925

Output- Reg

250

275

250

275

275

275

250

1850

Output –OT

25

25

5

20

75

Subcontract

Output-Forst

Inventory

Beg Inv.

End Inv.

Ave. Inv.

Backlog

Costs

Reg Time

10000

11000

10000

11000

11000

11000

10000

74000

OT Time

1500

1500

300

1200

4500

Subcontract

Inventory

Backlog

Total Costs

$78500

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