JokersRWild makes playing cards in several different styles, but a s.docx

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JokersRWild makes playing cards in several different styles, but a "standard" deck of cards is used for planning purposes. The average worker at JokersRWild can make 10,000 sets of decks of cards per month at a cost of $1.50 per deck during regular production and $1.80 during overtime. The company currently employs 18 workers. Experience shows that it costs $750 to hire a worker and $750 to fire a worker. Inventory carrying cost is $.30 per deck per month. The beginning inventory is 38,000, and at least that amount is desired each month. Assume hiring and layoff/firing, if necessary, occur at the beginning of the month. February 160,000 March 160,000 Month January 130,000 April 340,000 May 350.000 June Demand 300000 a. Given the above demand estimate, develop a six-month production plan based on level production. (Leave no cells blank - be certain to enter "0" wherever required.) Level Production Plan Regular Production Number of Ending Inventory Fire layoff Month Demand Hire Workers
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Unformatted text preview: January February March April May June Total 0 0 b. Determine the cost of the level production plan. Total cost c. Develop a six-month production plan based on chase by using overtime (no workers will be fired and inventory increases if necessary). (Leave no cells blank - be certain to enter "0" wherever required.) Chase Production Plan - Using Overtime Regular Production Number of Workers Fire layoff Month Demand Overtime Inventory Hire January February March April May June Total 0 0 0 0 0 d. Determine the cost of the chase production plan. Total cost e. Develop a six-month production plan based on chase by changing workforce level. (Leave no cells blank - be certain to enter "0" wherever required.) Chase Production Plan - Changing Workforce Level Ending Inventory Regular Production Number of Workers Fire layoff Month Demand Hire January February March April May June 0 Total f. Determine the cost of the chase production plan by changing workforce level. Total cost...
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