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A manager is applying the transportation model of linear programming to solve an aggregate planning problem.Demand in period 1 is 100 units,and in period 2,demand is 150 units.The manager has 125 hours of regular employment available for $10/hour each period.In addition,50 hours of overtime are available for $15/hour each period.If holding costs are $2 per unit each period,how many hours of regular employment should be used in period 1? (Assume demand must be met in both periods 1 and 2 for the lowest possible cost and that production is 1 unit per hour. )
Credit Memo
A paper provided by the seller to the buyer, which decreases the total the buyer needs to pay to the seller based on the conditions of a prior bill.
Discount Period
The discount period is the timeframe during which a payment can be made with a discount for early settlement in terms of credit sales.
Merchandise Sold
The total cost of all products sold by a company during a specific period.
Cash Discount
An incentive offered by sellers to buyers for paying an invoice ahead of the scheduled due date.
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