Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given here

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Fill in the production plan table below (enter your responses as whole numbers). (March to February)

Layoff 281 $421,500 Hiring 281 $562,000 $1,127,500 Inventory 36,000 $144,000 Totals Costs Cost of plan Planning values Starting inventory Starting and ending workforce Hours worked per month per worker Hours per unit Hiring cost per worker Layoff cost per worker Monthly per-unit holding cost 3,000 203 35 5 $2,000 $1,500 $4 Month March April May June July August September October November December January February Forecasted sales 1,442 1,071 966 826 1,463 1,680 1,932 2,100 2,772 2,772 1,981 1,666 Month Forecasted sales Sales in worker hours to meet sales average = 246 Actual workers Actual production Layoffs Hiring Ending inventory 203 3,000 March 1,442