Consider the following proposed plan, for a different demand schedule, that combines the strategy of hiring,...

 

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Consider the following proposed plan, for a different demand schedule, that combines the strategy of hiring, layoffs, and utilizing overtime. Payroll costs are $6,000 in wages per worker for regular time worked, with an overtime pay rate of $18 for each overtime hour. The cost of hiring a worker is $3,200, and the cost of laying off a worker is $1,600. The total cost for this plan would be $ Quarter 1 2 3 4 Total Demand (hours) 6,000 12,000 19,000 9,000 (Enter your response as an integer.) Workforce Hires Layoffs 12 1 24 12 31 7 18 85 20 13 13 Overtime (hours) 3,500 3,500 Consider the following proposed plan, for a different demand schedule, that combines the strategy of hiring, layoffs, and utilizing overtime. Payroll costs are $6,000 in wages per worker for regular time worked, with an overtime pay rate of $18 for each overtime hour. The cost of hiring a worker is $3,200, and the cost of laying off a worker is $1,600. The total cost for this plan would be $ Quarter 1 2 3 4 Total Demand (hours) 6,000 12,000 19,000 9,000 (Enter your response as an integer.) Workforce Hires Layoffs 12 1 24 12 31 7 18 85 20 13 13 Overtime (hours) 3,500 3,500

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To calculate the total cost for the proposed plan we need to consider the costs of wages overtime hi... View the full answer