Homework Answers
Calculate Total Forecast Demand :-
= 1200 + 1300 + 800 + 700 + 700 + 900
= 5600 units
Opening Inventory = 500 units
Ending Inventory = 100 units
Calaculation of Total Production :-
Total Production = Total Forecast Demand + Ending Inventory - Opening Inventory
= 5600 + 100 - 500
= 5200 units
Total Working Days = 20 + 22 + 20 + 20 + 18 + 19 = 119 days
Average Daily Production = Total Production / Total Working Days
= 5200 units / 119 days
= 43.70 units
Calculation Monthly Production :-
Monthly Production = Average Daily Production * No. of Working Days
| Months | January | February | Mar | April | May | June |
| Working Days (A) | 20 | 22 | 20 | 20 | 18 | 19 |
| Average Daily Production (B) | 43.70 units | 43.70 units | 43.70 units | 43.70 units | 43.70 units | 43.70 units |
| Monthly Production (A*B) | 874 units | 961.4 units | 874 units | 874 units | 786.6 units | 830.3 units |
Calculation Ending Inventory of Each Month :-
Ending Inventory = Opening Inventory + Production - Forecast Demand
| Months | January | February | Mar | April | May | June |
| Opening Balance | 500 units | 174 units | -164.6 units | -90.6 units | 83.4 units | 170 units |
| Add : Production | 874 units | 961.4 units | 874 units | 874 units | 786.6 units | 830.3 units |
| Less : Forecast Demand | 1200 units | 1300 units | 800 units | 700 units | 700 units | 900 units |
| Ending Balance | 174 units | -164.6 units | -90.6 units | 83.4 units | 170 units | 100.3 units |
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