What is the total cost of this plan?

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Tenpr X899

Business Finance

Description

A company currently has 5 workers and each worker produces 5 watches per month. The operations manager is preparing a aggregate production plan for the next 6 months. Opening inventory is 10 watches.

Regular Time labour Cost = 10 per watch

OT Labour = 15 per watch

Backordering = 10 per watch

Holding Cost = 2 per watch

Max OT output is 15 watches per month.

Month 1 Demand = 30

Month 2 = 50

Month 3 = 50

Month 4 = 60

Month 5 = 50

Month 6 = 20 Develop a (level) aggregate plan using 45 watches as a constant production rate. What is the total cost of this plan?


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