Cost data

Regular time labor cost per hour $15.00

Overtime labor cost per hour $20.00

Hiring cost per employee $500.00

Firing cost per employee $700.00

Inventory holding cost per unit per period $5.00

Back order cost per unit per period $10.00

Material cost per unit N/A

Capacity data

Beginning workforce (employees) 95

Beginning inventory (units) 0

Labor or production standard per unit (hours) 4

Regular time hours available per period per employee 160

Overtime hours available per period per employee 32

Demand data

Period 1	Period 2	Period 3	Period 4	Period 5	Period 6	Period 7	Period 8
4600	4820	3340	3680	3280	3200	4600	4480

a. Use the data above to develop a level plan using inventories and backorders (5 steps) (9 points)

b. Use the data above to do a chase plan using hiring and firing (5 steps) (8 points)

(hint: if your calculation for the employees needed for a certain period is not a whole number, round it up to be a whole number)