The table below shows the aggregate sales forecasts for a product family for the year along...

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The table below shows the aggregate sales forecasts for a product family for the year along with the number of working days per month. The following assumptions are made: Cost of a unit is $30. ■ ■ ■ I Inventory carrying cost per unit per month is 2%. Shortage cost per unit is $50. Beginning inventory is 115, and ending inventory is 100. I Beginning labor force is 10. Month If number of workers needed has fractions, then always round up. Jan Feb Mar Apr May 253 280 340 300 393 Days/Month 20 21 23 20 22 Forecast ■ ■ Number of units produced per employee per day is 3. Hiring cost per employee is $200. Firing cost per employee is $500. 1 Jun Jul Aug Sep Oct Nov Dec 233 287 420 480 427 527 393 22 10 23 20 22 20 20 Develop a level production plan and a chase production plan, and compare the costs of the two plans. Note, you should plan to reach the ending inventory of 100 by the end of January. The table below shows the aggregate sales forecasts for a product family for the year along with the number of working days per month. The following assumptions are made: Cost of a unit is $30. ■ ■ ■ I Inventory carrying cost per unit per month is 2%. Shortage cost per unit is $50. Beginning inventory is 115, and ending inventory is 100. I Beginning labor force is 10. Month If number of workers needed has fractions, then always round up. Jan Feb Mar Apr May 253 280 340 300 393 Days/Month 20 21 23 20 22 Forecast ■ ■ Number of units produced per employee per day is 3. Hiring cost per employee is $200. Firing cost per employee is $500. 1 Jun Jul Aug Sep Oct Nov Dec 233 287 420 480 427 527 393 22 10 23 20 22 20 20 Develop a level production plan and a chase production plan, and compare the costs of the two plans. Note, you should plan to reach the ending inventory of 100 by the end of January.