Question: Cost data Regular time labor cost per hour $10.00 Overtime labor cost per hour $15.00 Hiring cost per employee $100.00 Firing cost per employee $200.00

Cost data

Regular time labor cost per hour $10.00

Overtime labor cost per hour $15.00

Hiring cost per employee $100.00

Firing cost per employee $200.00

Inventory holding cost per unit per period $20.00

Shortage cost per unit per period $30.00

Material cost per unit N/A

Capacity data

Beginning workforce (employees) 165

Beginning inventory (units) 0

Labor standard per unit (hours) 5

Regular time hours available per period per employee 160

Overtime hours available per period per employee 32

Demand data

Nov	Dec	Jan	Feb	March	April
6000	5000	6600	5000	6000	5000

Use the data above and do a chase strategy using hiring and firing (5 steps) (6 points)

(Note: if the calculation for the employees needed for a certain period is not a whole number, round it up to be a whole number, no matter if the first digit is equal to, greater than, or less than 5)

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