Complete the tables and determine the cost of the two plans

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Reference no: EM13897111

Appliances Inc. is preparing an aggregate production plan for washers for the next four months. The company's expected monthly demand is given below in the chart. The company will have 500 washers in inventory at the beginning of the month and desires to maintain at least that number at the end of each month. Below is other critical data:

Production cost per unit 5 $300

Inventory carrying cost per month per unit 5 $50 (based on ending month inventory) Hiring cost per worker 5$1,000

Firing cost per worker 5 $2,000 Beginning number of workers 5 10

Each worker can produce 100 units per month.

Month	Demand	Regular Production	Ending Inventory	Workers Required	Hire	Fire
1	4,000
2	6,000
3	3,000
4	7,000
Total	20,000

Chase Plan
Month	Demand	Regular Production	Ending Inventory	Workers Required	Hire	Fire
1	4,000
2	6,000
3	3,000
4	7,000
Total	20,000

Complete the tables and determine the cost of the two plans.

Reference no: EM13897111

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