Question: #1 Determine the total cost for this plan given the following forecast: Month 1 2 3 4 5 6 7 8 Forecast 480 410 420

#1 Determine the total cost for this plan given

#1 Determine the total cost for this plan given the following forecast: Month 1 2 3 4 5 6 7 8 Forecast 480 410 420 440 470 490 480 420 Use steady regular output of 400 units per month, use overtime as needed for up to 40 units per month, and use subcontracting to make up any needed output to match the forecast. Unit costs are: Regular output $30 Overtime $40 Subcontract $65 Holding costs $2 Lost sales $10

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