Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 8,500; winter, 9,000; spring, 8,000; summer, 10,000. Inventory at the beginning of fall is 500 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall or Summer. Relevant costs are hiring, $200 for each temp; layoff $500 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $15 per unit; straight time, $25 per hour; overtime, $30 per hour. Assume that the productivity is 0.5 units per worker hour (it takes 2 work-hours to make a unit), with eight hours per day and 60 days per season. a. What is the total cost for this plan? Relevant information includes: Backorder cost per unit Holding cost per unit Number of Workers Hiring cost per worker Layoff cost per worker Production time (hours) per unit Straight time labor cost per hour Overtime labor cost per hour Working time (hrs/day) Work days per season Beginning inventory