Determine how many students to employ so that total costs

Reference no: EM131793808

A manager for a warehouse must determine how many students to employ so that total costs are minimized. Forecasted demand for these workers for the next six weeks is 9, 14, 16, 12, 11, 14. Each student can work a maximum of 15 hours per week. Currently there are 11 students employed. No backorders are allowed. The most overtime a student can work is 4 hours per week (20% greater than their normal work week). Students are paid $1,500 per week (for 15 hours). Overtime is paid at 150% of the regular rate. To hire a student is $800 and to lay off, the cost is $400. Use a chase strategy to come up with the total cost as it pertains to using the students.

Reference no: EM131793808

Questions Cloud

What was the gain or loss on the sale of the equipment : They originally purchased the equipment for $37,000, and depreciation through the date of sale totaled $25,000

What will be the capital in excess of par account : CBA Inc has 260,000 shares outstanding with a $10.5 par value. The shares were issued for $20.5. The stock is currently selling for $32.5.

Find the value of expression with the subtraction operation : Write a driver program to test your modified class Begin with the subtraction operation - added in Exercise .

Compute the estimated gross profit : Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period

Determine how many students to employ so that total costs : A manager for a warehouse must determine how many students to employ so that total costs are minimized.

Determine the after-tax equivalent present worth : A certain engine lathe can be purchased for $330,000 and depreciated over three years to a zero salvage value with the SL method.

Calculate the cost of each unit : Manufacturing overhead is applied at $35 per direct manufacturing labor hour. Calculate the cost of each unit

Find the value of each expression using pointers : Write a driver program to test your modified class Begin with the multiplication operation * added in Exercise .

Prepare pearls journal entries to record the sale on july : Prepare Pearl's journal entries to record (a) the sale on July 10, 2017, and (b) $78,900 of returns on October 11, 2017, and on October 31, 2017

User Account

All Pages