Complete the following aggregate plan for January through April using the Chase Strategy. Additional Information: Inventory holding cost = $10 per unit per month, Hiring cost = $50 per unit, Firing cost = $100 per unit, December Production = 230 units Basic Production Cost = $10 per unit Period
Forecast Prior Production Inventory # hire units # fire units Extra Cost December —– 20 —– —– January 350 February 300 March 280 April 460 Complete the following aggregate plan for January through April using the Chase Strategy. Additional Information: Inventory holding cost = $10 per unit per month, Hiring cost = $50 per unit, Firing cost = $100 per unit, Basic Production Cost = $10 per unit December Production 200 units
Period Forecast Prior Production Inventory hire units fire units extra cost
December 20
January 350
February 300
March 280
April 460
