Question: Correct answer along with the calculation Question 8 (4 points) Richie Guitars experiences a seasonal demand pattern for its services. The workforce requirements (expressed as

Correct answer along with the calculation
Question 8 (4 points) Richie Guitars experiences a seasonal demand pattern for its services. The workforce requirements (expressed as number of employees) for the next six months are as follows: 6, 7, 12, 13, 8 and 5. Costs associated with operations are as follows: Wages = $800 per worker per month; Hiring cost = $300 per worker; and Layoff cost = $200 per worker. The current workforce level is nine workers, and the undertime is paid for. What is the total cost of regular wages, hires and layoffs if the company uses a chase demand strategy? Less than or equal to $42,000 Greater than $42,000 but less than or equal to $43,000 Greater than $43,000 but less than or equal to $44,000 Greater than $44,000Step by Step Solution
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