Develop a Chase Strategy and a Level Strategy for JXA, based on the following information. The Level Strategy requires that JXA uses a constant workforce equal to the minimum expected demand and overtime to meet additional requirements. Explain which is the best option.

Jun	Jul	Aug	Sep	Oct	Nov
Beginning Inventory	300	400	500	100	150	1000
Demand Forecast	1200	1000	1200	700	1850	1600
Number of Working Days by Month	22	22	20	21	20	22
Costs
Materials	$50.00	$ per unit
Inventory holding cost	$5.50	$ per unit per month
Marginal cost of stockout	$35.00	$ per unit per month
Marginal cost of subcontracting	$60.00	$ per unit
Hiring and training cost	$2500.00	$ per worker
Layoff cost	$4000.00	$ per worker
Labor hours required per unit	2.5
Straight-line cost (first eight hours each day)	$15.00	$ per hour
Overtime cost	$30.00	$ per hour