Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming fo
Question: Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters:
| Quarter | Demand | ||
| 1 | 1300 | ||
| 2 | 1400 | ||
| 3 | 1500 | ||
| 4 | 1300 | ||
| Previous quarter’s output | 1500 units | ||
| Beginning inventory | 200 units | ||
| Stock-out cost | $50 per unit | ||
| Inventory holding cost | $10 per unit at end of quarter | ||
| Hiring workers | $4 per unit | ||
| Firing workers | $8 per unit | ||
| Overtime | $10 extra per unit | ||
Which of the following production plans is better:
? Plan A – chase demand by hiring and firing
? Plan B – produce at a constant rate of 1200 and obtain any remainder from overtime
Calculate the total cost of each plan then state your recommendation.
Price: $2.99
Solution: The answer consists of 5 pages
Deliverables: Word Document
Deliverables: Word Document
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