The Following Information Relates to a Company's Aggregate Production Planning

question 72

Multiple Choice

The following information relates to a company's aggregate production planning activities: Beginning Workforce = 50 workers
Production per Employee = 250 units per quarter
Hiring Cost = $1000 per worker
Firing Cost = $1,500 per worker
Inventory Carrying Cost = $15 per unit per quarter
If a level production strategy is used then the total cost of the plan (hiring cost, firing cost and inventory carrying cost) is

• A) $120,000.
• B) $377,500.
• C) $675,000.
• D) $795,000.

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Definitions:

Mutually Exclusive

1. In a classification, the property that each species excludes the members of every other species; 2. A relationship between events; two events are mutually exclusive if and only if they cannot both occur.

Jointly Exhaustive

In a classification, the property that the species taken together cover all the objects in the genus.

Species

A cluster of akin beings from the realm of life, able to crossbreed or transfer genetic code.

Board Games

Games primarily played on a pre-marked surface or "board," involving pieces or counters moved according to a set of rules.