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What is the total cost of overtime production

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NowJuice, Inc. produces bottled pickle juice.  A planner has developed an aggregate forecast for demand (in cases) for the next four months.  Use the following information to develop an aggregate plan using the LEVEL strategy.  Inventory holding cost is $1 per month per case and backlog cost is $5 per month per case.  Beginning inventory is zero.

Month

May

June

July

August

Forecast

458

585

601

749

 

Cost Per Unit

Monthly Capacity

Regular Production

19.48

400

Overtime Production

1.5  x Regular Prod Cost

400

What is the total cost of overtime production over the planning horizon using a LEVEL plan?

Reference no: EM133262543

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