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The Academic Company mixes and bottles a high-energy beverage in various container types and sizes for college students. The aggregate forecast for the next four quarters (1 year) in thousands of gallons is as follows:
Table 1
Academic's management makes the following assumptions:
Each employee works 550 standard hours of regular time each quarter.
On average, it takes 27 hours to produce and package 1 unit (1,000 gallons) .
Regular-time labor costs $6.00/hour; overtime labor costs $9.00/hour.
Inventory-holding cost is approximately $4.50/unit (1,000 gallons) per quarter based upon the ending inventory per quarter.
Because of extremely hot weather, there is no beginning inventory available to start Quarter 1.
Management wants a constant work force (no hiring or firing) .
Managers have also decided to always round up the number of employees needed to the next whole integer, i.e., 37.2 yields 38 employees.
______________________________________________________________________________
-Using the data in Table 1, if management will allow a maximum of 30 percent overtime, how many workers are needed for Quarter 3?
Anxiety Disorder
A category of mental health disorders characterized by excessive worry, fear, and anxiety that significantly interferes with daily functioning.
Dependent Personality Disorder
A mental health condition characterized by an overreliance on others for emotional support and decision making.
Cognitive-Behaviorist
A practitioner of a psychological approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.
Upbringing
The care, teaching, and training provided to a child by parents or guardians from infancy through adulthood.
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