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Overall total cost for this production plan

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Reference no: EM132691844

A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below:

Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4

Forecast (demand) 5,100 5,800 6,000 5,800

Regular production 5,100 5,600 5,600 5,600

Subcontract production 400 300 100

Ending inventory 200 100

Hired employees 3 5

Fired employees

Total employees 48 51 56 56 56

The table below shows additional relevant information:

Capacity Information & Cost Variables

Production rate (units/employee/quarter) 100

Subcontractor capacity (units/quarter) 490

Regular production cost/unit $75

Holding cost/unit/quarter $10

Hiring cost/employee $1,080

Firing cost/employee $2,250

Subcontract cost/unit $130

What is the overall total cost for this production plan? (whole number.)

What is the total subcontract cost for this production plan? (whole number.)

What is the total holding cost for this production plan? ( whole number.)

What is the total hire cost for this production plan? (whole number.)

What is the total fire cost for this production plan? (whole number.)

Reference no: EM132691844

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