Compute the total cost for this plan

Assignment Help Operation Management
Reference no: EM13922920

Refer to Solved Problem 1. Suppose another option is to use part- time workers to assist during seasonal peaks. The cost per unit, including hiring and training, is $ 11. The output rate is 10 units per worker per period for all workers. A maximum of 10 part- time workers can be used, and the same number of part time workers must be used in all periods that have part- time workers. The ending inventory in period 9 should be 10 units. The limit on backlogs is 20 units per period. Try to make up backlogs as soon as possible. Compute the total cost for this plan, and compare it to the cost of the plan used in the solved problem. Assume 20 full-time workers and regular monthly production regular capacity.

Reference no: EM13922920

Questions Cloud

When the projected on hand inventory would be negative : When the projected on hand inventory would be negative without production” to schedule production when the projected on hand inventory would be less than 10 without production.
Explain in two to three sentences without calculations : Under what circumstances will it be possible to develop just one aggregate plan rather than two (one for each size wheel)? Explain in two to three sentences without calculations.
Compare it to the total cost of the plan used in the solved : Compute the total cost of your plan, and compare it to the total cost of the plan used in the solved problem. Assume 20 full-time workers.
Record the accrual of payroll taxes : calculate the employer payroll taxes using the following rates: state unemployment, 5.4%, federal unemployment 0.8%.Journalize the entry to record the accrual of payroll taxes.
Compute the total cost for this plan : Compute the total cost for this plan, and compare it to the cost of the plan used in the solved problem. Assume 20 full-time workers and regular monthly production regular capacity.
Assume regular monthly production regular capacity : Use subcontracting as needed, but no more than 20 units per period. Compute the total cost of each plan. Which plan has the lowest cost? Assume regular monthly production regular capacity.
Various types of accounting changes can affect the financial : Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material effect on the financial statements for the current year of your busine..
A discount or a premium : Was the note issued at a discount or a premium?What is the fair market value of the land at the date of exchange?What is the gain or loss on the sale of the land?
Current value of the company’s stock : the company will also pay out a $48 per share liquidating dividend, and the company will cease operations. If the discount rate is 9 percent, what is the current value of the company’s stock?

Reviews

Write a Review

Operation Management Questions & Answers

  Different data enter for disaster recovery purposes

Describe Cisco OTV Nexus 7000 and how this product addresses the layer 2 network issues faced while moving virtual machines to a different data enter for disaster recovery purposes. Describe VMWare NSX and how this product addresses the layer 2 netwo..

  Describe the steps in the decision-making process

Describe the steps in the decision-making process, and predict how the personal attributes of the manager influence decision making.

  The channels of distribution are quite different

An important part of the service model is the distribution of supplementary services through physical or electronic channels of distribution. Within human resource management, the channels of distribution are quite different from traditional chann..

  Prepare a service blueprint for each of these banking transa

Prepare a service blueprint for each of these banking transactions Make a savings deposit using a teller. Apply for a home equity loan.

  Control objectives-goals like selling at the super bowl

How would you implement and control objectives/goals like selling at the super bowl, selling at other events around the world, if direct mailing work, developing relationships (for them to sell the product), and/or expanding their current facility in..

  Systems analysis-database administration-programming

Which of the following categories: systems analysis, database administration, programming, operations, systems support, security, networks and com­munications, and information systems management, provides the most stability, compensation, and securit..

  Upper specification and the lower specification limits

Suppose the difference between the upper specification and the lower specification limits is 0.8 inches. The standard deviation is 0.1 inches. What is the process capability ratio? Please provide the formula, at least one step of calculation, and the..

  Identify common political factors for an mnc

Identify common political factors for an MNC to consider when assessing country risk. Briefly elaborate on how each factor can affect the risk to the MNC.

  What is the resulting final price realized

On Aug. 15 a feed barley producer feels that $300/t is a good price to sell the remainder of the unprized feed barley he/she is about to harvest since the December feed barley futures contract is trading at $300/t on the ICE. The producer sells five ..

  Events impact job satisfaction and job performance

Describe the affective events theory and explain how work events impact job satisfaction and job performance.

  Principles of risk management and insurance

Michael went deer hunting with Ed. After seeing bushes move, Michael quickly fired his rifle at what he thought was a deer. However, Ed caused the move- ment in the bushes and was seriously injured by the bullet. Ed survived and later sued Michael on..

  What will be the effect on the average queue length

The Petreco Service Station has one pump for regular unleaded gas, which (with an attendant) can service 10 customers per hour. Cars arrive at the regular unleaded pump at a rate of 6 per hour. Determine the average queue length, the average time a c..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd