Complete TWO (2) strategies in aggregate planning as shown in the following tables based on given information: 1. Use permanent workers of 8, OT and S/K not more than 2 workers and BKO as needed. 4000 80001 6000 12000 Current work force 12 workers Production per worker 500 units per month Inventory holding cost $0.30 per unit Regular wage rate $20.00 Overtime wage rate (OT) $30.00 Sub-contracting wage rate (S/K) $40.00 Back- ordering (BKO) $50.00 Hiring cost $1500 per worker Firing cost $3000 per worker Beginning inventory 500 units Mth Demand Regular Over $7 Inventory BKO Norkers Production Time Jan Feb Mar Apr May July Aug Sent oct Nov Dec Total Cost: 2. Use a mixed method strategy; Jan April, use level production with OT and S/K not more than 2 workers and BKO as needed. While May December, use permanent workers of 8, OT and S/K not more than 2 workers and BKO as needed. Jan Feb March Apr May June July Aug Sept Oct Nov Dec 40008000 6000 2000 2000 2000 5000 6000 8000 3000|2000 7000 Current work force 12 workers Production per worker 500 units per month Inventory holding cost $0.30 per unit Regular wage rate $20.00 Overtime wage rate $30.00 Sub-contracting wage rate $40.00 Back ordering $50.00 Hiring cost $1500 per worker Firing cost $3000 per worker Beginning inventory 500 units Mth Demand Regular Prod Over S/KInventory BKO Worker (HE Timel s) 4000 Jan Feb 8000 Mar 6000 Apr 2000 May 7000 June July Aug Sept Oct 2000 5000 6000 8000 3000 2000 Nov 7000 Dec Total Cost