ABC Ltd. wants to develop aggregate production plan for a 4 month planning horizon. The demand and working days are given below: Month Demand January 1000 February 800 March 2100 April 2400 ABC was producing 60 units daily in December last years. There are 300 units in the warehouse at the beginning of January, this year. ABC is running 8 hours a day. Production of one unit require 3 hours. ABC has estimated the following costs: Unit production time 3hours Working hours per day 8 Carrying cost 3$/month Regular labor cost 20$/hour Overtime labor cost 30$/hour Hiring cost 250$/unit increase in daily production rate Layoff cost 400$/unit decrease in daily production rate Develop a production plan with constant workforce. Write down the total cost of your plan. ABC Ltd. wants to develop aggregate production plan for a 4 month planning horizon. The demand and working days are given below: Month Demand January 1000 February 800 March 2100 April 2400 ABC was producing 60 units daily in December last years. There are 300 units in the warehouse at the beginning of January, this year. ABC is running 8 hours a day. Production of one unit require 3 hours. ABC has estimated the following costs: Unit production time 3hours Working hours per day 8 Carrying cost 3$/month Regular labor cost 20$/hour Overtime labor cost 30$/hour Hiring cost 250$/unit increase in daily production rate Layoff cost 400$/unit decrease in daily production rate Develop a production plan with constant workforce. Write down the total cost of your plan