Appliances Inc is preparing an aggregate production plan for washers for the next four months. The company's expected monthly demand is given below in the chart. The company will have 500 washers in inventory at the beginning of the month and desires to maintain at least that number at the end of each month. Assume hiring and layoff/firing, if necessary, occur at the beginning of the month. Below is other critical data: Production cost per unit = $300 Inventory carrying cost per month per unit = $50 (based on ending month inventory) Hiring cost per worker = $1,000 Firing cost per worker = $2,000 Beginning number of workers = 10 Each worker can produce 100 units per month. a. Given the planning information, develop a level production plan and a chase production plan. (Leave no cells blank - be certain to enter "0" wherever required.) Level Plan Month Demand Hire Fire Production 5.000 Workers Required 50 Ending Inventory 1.500 500 1 40 0 4.000 6.000 2 5.000 50 0 0 3 3.000 5.000 0 0 2.500 500 50 50 4 0 0 7.000 20.000 5,000 20.000 Total 5,000 40 0 Hire Fire Chase Plan - Variable Workforce Month Demand Regular Production 1 4.000 4.000 2 6.000 6.000 Ending Inventory 500 Workers Required 40 30 0 500 20 0 3 500 0 30 3.000 7.000 3.000 7.000 30 70 4 40 0 500 2.000 Total 20.000 20.000 90 30 b. Determine the cost of the two plans. Total cost for level plan Total cost for chase plan $ 6,250,000