Determine the total cost of hiring and layoff, Financial Accounting

A company has the following forecast demand for the next five months: 1,600, 2,400, 3,200, 2,800, and 2,400. The following information is also available.

                 current work force = 15

                 workdays/month = 20

                 labor hours/unit = 2

                 working time/day = 8

                 hiring cost/worker = $100

                 layoff cost/worker = $50

Inventory, stockouts, overtime, and subcontracting are not allowed. Only hiring and layoff are allowed to respond to fluctuations in demand.  Determine the total cost of hiring and layoff during the five-month period.

Posted Date: 3/26/2013 8:19:17 AM | Location : United States

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