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Wiedmer Corporation Is Preparing an Aggregate Production Plan for Widgets

question 32

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Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months.The company's expected monthly demand is given in the following chart.The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month.Following is other critical data: Production cost per unit = $50
Inventory carrying cost per month per unit = $10 (based on ending month inventory)
Hiring cost per worker = $300
Firing cost per worker = $200
Beginning number of workers = 16
Each worker can produce 50 units per month.
Wiedmer Corporation is preparing an aggregate production plan for widgets for the next four months.The company's expected monthly demand is given in the following chart.The company will have 50 widgets in inventory at the beginning of the first month and wishes to maintain at least that number at the end of each month.Following is other critical data: Production cost per unit = $50 Inventory carrying cost per month per unit = $10 (based on ending month inventory)  Hiring cost per worker = $300 Firing cost per worker = $200 Beginning number of workers = 16 Each worker can produce 50 units per month.   What is the total cost of hiring and firing the workers in a chase plan which uses only hiring and firing? A) 0 B) $800 C) $5,000 D) $6,400 What is the total cost of hiring and firing the workers in a chase plan which uses only hiring and firing?


Definitions:

Accommodation

The cognitive process of revising existing cognitive schemas, perceptions, and understanding to incorporate new information.

Assimilation

The mental activity of assimilating new data into pre-existing frameworks, conceptions, and comprehension.

Cognitive Development

The construction of thought processes, including remembering, problem solving, and decision-making, from childhood through adolescence to adulthood.

Applied Research

Research meant to provide practical solutions to immediate problems.

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