Question

Question 20 June 3390 What does the "hiring and training cost" mean in the table below? (CL03) (3 marks) month Jan Feb Mar April May demand 3456 4750 1200 456 6788 Days 29 22 25 17 Materials $ 3.5/unit Hiring and training cost $ 210/worker Lay off costs $ 150/worker Labor hours required 0.33 hrs/unit Straight time labor cost $ 4/hour Beginning inventory 220 units Productive hours/worker/day 5.50 Paid straight hours/day 11.00 Holding cost 0.445/unit/month the answer is not provided it means that the cost for a subcontractor worker is 210$ it means that the cost for firing and training one worker is 210$ it means that the cost for training two workers is 210$ it means that the cost for an overtime for one worker is 210$ it means that the cost for hiring and training one worker is 2105 Moving to another question will save this response.

Answer 1

20) Hiring and training cost refers to the cost for hiring a worker and provide training for him for the job. Hence the answer is option 6- it means that the cost for hiring and training one worker is 210$.

21) Lay off cost refers to the cost incurred for ending the service of a worker. Hence the answer is option 3- it means that the cost to end the services of one worker is 150$.

22) The answer is option 1- it means: How long it requires for each worker to spend to produce one unit. Labour hours required is the hours of labour required to produce one unit of a good.