Question: Correct the answers marked as wrong What is the overall total cost for this production plan? (Display your answer to the nearest whole number.)1,607,200wrong What

Correct the answers marked as wrong

What is the overall total cost for this production plan? (Display your answer to the nearest whole number.)1,607,200wrong What is the total regular production cost for this production plan? (Display your answer to the nearest whole number.)1,592,500correct What is the total holding cost for this production plan? (Display your answer to the nearest whole number.)0correct What is the total hire cost for this production plan? (Display your answer to the nearest whole number.)9,000wrong What is the total fire cost for this production plan? (Display your answer to the nearest whole number.)5,700correct

Supply and DemandQ1Q2Q3Q4
Forecasted sales5,5005,7505,5006,000
Regular production5500575055006000
Subcontract production
Ending inventory----
Hired employees224
Fired employees2
Total employees4244464448

Cost and Other Information
Production rate (units/emp/qtr)125
Max subcontract production/mo470
Regular production cost/unit$70
Subcontract unit cost$117
Holding cost/unit/quarter$9
Hiring cost/employee$900
Firing cost/employee$2,850

Calculated CostsQ1Q2Q3Q4Year Total
Regular production cost385,000402,500385,000420,0001,592,500
Subcontract cost-----
Inventory holding cost-----
Hire cost1,8001,8001,8003,6009,000
Fire cost--5,700-5,700
Total Cost by Period386,800404,300392,500423,6001,607,200

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