Choco Choco prepares and makes chocolates and ice-creams, both typically require the same preparation time and labour skills. The following planning information is available. Demand forecasts Quarter chocolates Ice creams 1 25000 6000 2 19000 10000 3 18000 12000 4 30000 8000 Quarter 1 Beginning inventory is 500 chocolates and 0 ice cream Production Rates Regular 500 units per full time employee per quarter of either unit Overtime (max) 200 units per full time employee per quarter of either unit Part-time 400 units per full time employee per quarter of either unit Initial workforce size: 45 full time employees beginning quarter 1. Production and costs Regular time 15 per hour Overtime 22.50 per hour Subcontract 30 per hour Part-time 36 per hour Inventory: 3 per unit, per quarter, based on average inventory during each quarter. Back order: 24 per unit per quarter based on back orders at end of quarter Hiring 300 per fulltime employee, no cost part-time Layoff 1500 per fulltime employee, no cost part-time Develop an operations plan that utilises a level or constant rate of output each quarter using fulltime regular employees only. Ending inventory and back orders for quarter 4 must be equal to zero. a) Summarise the plan, its costs and its consequences. b) Prepare a cumulative demand, production chart for your plan c) If each shipping container for completed chocolates and ice-cream require 2 cubic metres of space what is the maximum finished good warehouse space you will need next year if the plan above is followed