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const2013 [10]
3 years ago
10

The following forecast constitutes the demand for relay switches. John Smith, the production planner, has assembled the followin

g cost data and the quarterly demand forecast:______.
Quarter Forecast
1 1800
2 1100
3 1600
4 900
Costs/Other Data
Previous quarter’s output = 1300 cases
Beginning inventory = 350 cases
Stock-out cost = $110 per case
Inventory holding cost = $30 per case at the end of quarter
Hiring employees = $40 per case
Terminating employees = $75 per case
Subcontracting cost = $60 per case
Unit cost on regular time = $30 per case
Overtime cost = $20 extra per case
John's job is to develop an aggregate plan. The three initial options he wants to evaluate are
Plan A: a strategy that hires and fires personnel as necessary to meet the forecast
Plan B: a level strategy
Plan C: a level strategy that produces 1,200 cases per quarter and meets the forecast demand with inventory and subcontracting.
a. What is the cost of plan A?
b. What is the cost of plan B?
c. What is the cost of plan C?
d. If you are John's boss, the VP for operations, which plan do you implement and why?

Business
1 answer:
sattari [20]3 years ago
4 0

Answer:

a. $256,250

b. $217,562.5

c. $196,500

d. Plan C, due to its fewer total cost incurred compares to the other two plans.

Explanation:

a. What is the cost of Plan A

b. What is the cost of Plan B

c. What is the cost of plan c.

d. If you are John's boss, the VP operations, which plan would you implement and why?

Please find attached detailed solution to the above questions.

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3 0
3 years ago
Efficiency-wage theory suggests that paying a. high wages might be profitable because they lower the efficiency of a firm’s work
Greeley [361]

Answer:  Option B                                    

     

Explanation: In simple words, efficiency theory states that direct monetary benefit is the best motivator for the worker and if the employer pays high wage then the worker will definitely work more efficiently.

It further states that higher wage will be covered by the extra benefit that the worker will provide with his or her performance.

Thus, the correct option is B.

4 0
3 years ago
When a third party bears a cost for a problem they did not cause, it is known as a __________.
alexandr1967 [171]
Negative externality
3 0
3 years ago
One of your classmates was recently found to have cheated on the exam. Though furious, your instructor spoke to the student very
fiasKO [112]

Answer:

d. interpersonal justice

Explanation:

Interpersonal justice -

It refers to the practice of treating the people with proper respect and dignity , is referred to as interpersonal justice .

In case of any harmful , serious condition or activity , the practice of communicating or resolving the issue with the people in a very kind and respectful manner , is the sign of an intelligent or smart person  .

Hence , from the given scenario of the question ,

The correct option is d. interpersonal justice .  

4 0
3 years ago
Which of the following is not included in Michael Porter's Five Forces Model? a. Cost Leadership b. Supplier Power c. Threat of
grigory [225]

Answer:

a. Cost Leadership

Explanation:

Porter five forces of the model refers to the rivalry among competitors, bargaining power of suppliers, bargaining power of buyers, the threat of new entrants, the threat of substitution.  

The competition between rivals deals with the competitors ' strengths and weaknesses so that the business does the planning appropriately.

The supplier's bargaining power indicated that the shift in the price of the product caused by the supplier's offer and the consumer is motivated to the product as the product is special which affects the overall profit

The buyer's bargaining power relates with the number of buyers and how many orders a single buyer places.

The threat of new entrants will affect the company's total position if the competitor comes on the market.  

The threat of substitution is an alternate way of producing the goods and services that can also weaken your position and have a direct impact on profitability.

6 0
3 years ago
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