Question: 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

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 $40.00 Capacity data Beginning workforce (employees) 90 Beginning inventory (units) 520 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 5000 4600 3200 3280 3680 3340 Period 7 4820 Period 8 4600 1. Use the data above to develop a level plan using inventory and backorders (5 steps) (9 points) 2. Use the data above to do a chase plan using hiring and firing (5 steps) (6 points) (hint: if your calculation for the employees needed for a certain period is not a whole number, roun up to be a whole number)

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