May The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 mon

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May The President Of Hill Enterprises Terri Hill Projects The Firm S Aggregate Demand Requirements Over The Next 8 Mon 1 (46.61 KiB) Viewed 20 times

May The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,500 2,200 February 1,500 June 2,100 March 1,700 July 1,900 April 1,700 August 1,300 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $70 per unit. Inventory holding cost is $25 per unit per month. Ignore any idle-time costs. Evaluate the following plan. This exercise contains only Plan E. Plan E Keep the current workforce, which is producing 1,600 units per month, and subcontract to meet the rest of the demand. Subcontract cost is $80 per unit Plan E Demand Production (Units) Subcontract (Units) Ending Inventory 200 Month O December 1 January 2 February 3 March 4 April 5 May 6 June 7 July 8 August 1,500 1,500 1,700 1,700 2,200 2,100 1,900 1.300 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 The total subcontracting cost = $(Enter your response as a whole number.) The total inventory holding cost for January through August = $ (Enter your response as a whole number.) The total cost, excluding normal time labor costs, for Plan E SI (Enter your response as a whole number.)