Question: 1) Given the following data and the following information: Quarter 2 3 4 5 Demand (units) 480 525 585 555 Working hours = 525/quarter per

1) Given the following data and the following information:

Quarter	2	3	4	5
Demand (units)	480	525	585	555

Working hours = 525/quarter per employee
Labor hours/unit = 35

Hiring cost/worker = $400

Layoff cost/worker = $600

Quarter 1 had 40 employees

If the above company uses the chase strategy of changing the size of workforce, what will be the annual cost of hiring and firing? (Show work with formulas included)

a) 2200

b) 6000

c) 6800

d) 8800

e) none of the above

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