Question
Livingston Fabrication has created the following aggregate plan for the next five months: August September October...
Livingston Fabrication has created the following aggregate plan for the next five months:
|
August |
September |
October |
November |
December |
|
|
Forecasting demand (units of finished goods) |
1,000,000.00 |
1,000,000.00 |
2,000,000.00 |
4,000,000.00 |
1,000,000.00 |
|
Production plan |
2,000,000.00 |
2,000,000.00 |
2,000,000.00 |
2,000,000.00 |
2,000,000.00 |
Assume that Livingston will have nothing in inventory at the end of July. Livingston employs 500 production assembly workers and it takes one production assembly worker 3 minutes to assemble one unit of finished good. (The unit is complete at that point.) Each production assembly worker can provide 160 hours of assembly time a month without requiring overtime pay.
Livingston wants to complete this plan without working any overtime in assembly. How many additional production assembly workers does Livingston need to hire, in order to accomplish this? When should they be hired?
Using this production plan, how many units will be in inventory at the end of October?
What will the average inventory level be each month?
Homework Answers
Answer #1
Computations
Not the answer you're looking for?
Similar Questions
Question 4: Aggregate Planning Plan production for a four month period: June through to September. For...
Question 4: Aggregate Planning
Plan production for a four month period: June through to
September. For June and July you should produce to exact demand
forecast. For August and September you should use overtime and
inventory with a stable workforce. Stable means the number of
workers needed for July will be held constant through September.
However the Ministry of Labour regulations put a maximum of 5000
hours of overtime labour per month in August and September (Zero
overtime in June...
Bengal Co. provides the following unit sales forecast for the next three months: July August September...
Bengal Co. provides the following unit sales forecast for the
next three months:
July
August
September
Sales units
5,000
5,700
5,560
The company wants to end each month with ending finished goods
inventory equal to 25% of the next month's sales. Finished goods
inventory on June 30 is 1,250 units. The budgeted production units
for July are:
Group of answer choices
6,250 units.
3,750 units.
6,425 units.
2,500 units.
5,175 units.
Osage, Inc., has actual sales for May and June and forecast sales for July, August, September,...
Osage, Inc., has actual sales for May and June and forecast
sales for July, August, September, and October as follows:
Actual:
May
5,930
units
June
6,240
units
Forecast:
July
5,910
units
August
6,890
units
September
5,630
units
October
5,210
units
Required:
a.
The firm’s policy is to have finished goods inventory on hand at
the end of the month that is equal to 70% of the next month’s
sales. It is currently estimated that there will be 4,137 units on...
Raw Materials Purchases Budget 2020 July August September TOTAL October Units Produced Yards of RM Required...
Raw Materials Purchases Budget
2020
July
August
September
TOTAL
October
Units Produced
Yards of RM Required Per Unit of FG
Total Yards Used in Production
Plus: Desired Yards in Ending Inventory
Total Yards Required
Less: Yards in Beginning Inventory
RAW MATERIALS PURCHASES (YARDS)
Cost per Yard
RAW MATERIALS PURCHASES (COST)
Please fill the raw material budget
Each mask is referred to as a finished good unit. Although the
company makes both adult and children’s sizes, each mask will be
treated...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in Units
April
3,430
May
3,840
June
4,550
July
4,105
August
3,950
Croy’s finished goods inventory policy is to have 50 percent of
the next month’s sales on hand at the end of each month. Direct
materials costs $3.20 per pound, and each unit requires 2 pounds.
Direct materials inventory policy is to have 50 percent of the next
month’s production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month Sales in...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in
Units
April
3,570
May
3,890
June
4,510
July
4,110
August
4,000
Croy’s finished goods inventory policy is to have 60 percent of the
next month’s sales on hand at the end of each month. Direct
material costs $2.90 per pound, and each unit requires 2 pounds.
Raw materials inventory policy is to have 50 percent of the next
month’s production needs on hand at...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in Units
April
3,580
May
3,890
June
4,540
July
4,110
August
3,990
Croy’s finished goods inventory policy is to have 50 percent of
the next month’s sales on hand at the end of each month. Direct
materials costs $2.70 per pound, and each unit requires 2 pounds.
Direct materials inventory policy is to have 50 percent of the next
month’s production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five
months: Month Sales in Units April 3,590 May 3,800 June 4,560 July
4,145 August 3,950 Croy’s finished goods inventory policy is to
have 60 percent of the next month’s sales on hand at the end of
each month. Direct material costs $2.60 per pound, and each unit
requires 2 pounds. Raw materials inventory policy is to have 50
percent of the next month’s production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in
Units
April
3,560
May
3,905
June
4,510
July
4,155
August
3,900
Croy’s finished goods inventory policy is to have 60 percent of the
next month’s sales on hand at the end of each month. Direct
material costs $2.70 per pound, and each unit requires 2 pounds.
Raw materials inventory policy is to have 50 percent of the next
month’s production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five
months: Month Sales in Units April 3,600 May 3,810 June 4,570 July
4,170 August 4,000 Croy’s finished goods inventory policy is to
have 70 percent of the next month’s sales on hand at the end of
each month. Direct material costs $2.90 per pound, and each unit
requires 2 pounds. Raw materials inventory policy is to have 50
percent of the next month’s production needs on hand at the...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 2 minutes ago
asked 15 minutes ago
asked 30 minutes ago
asked 31 minutes ago
asked 33 minutes ago
asked 41 minutes ago
asked 45 minutes ago
asked 50 minutes ago
asked 50 minutes ago
asked 53 minutes ago
asked 1 hour ago
asked 1 hour ago