Develop Aggregate Plan Cost and Production Information Regular production cost = $10 per unit Overtime production cost $15 per unit Subcontracted production cost = $20 per unit Inventory holding cost = $2 per unit per month Backorder cost = $5 per unit per month Hiring cost = $200 per worker hired Termination/Firing cost = $100 per worker terminated Overtime production limit=max of 20 units per month Production rate = 2 units per worker per month Opening inventory level = 10 units Opening workforce level = 30 employees The Demand for each one of the 6 months is defined on the tables below 1) Adopt the Level Approach using the Average Demand to be the constant production rate. You may use inventories and backorders. What is the total cost of this Aggregate D41 Period Aggregate Production Plan Total Workforce Inventory Prod. 30 10 Hiring & Firing Hire Fire Demand Production Breakdown Reg. Overt Sub- Prod. cont. ime 0 50 2 70 100 4 120 5 60 6 60 2) Adopt the Chase Approach. You can use hiring and firing, but not overtime or subcontracted production. What is the total cost of this Aggregate Plan? [1.25 marks) Aggregate Production Plan Production Breakdown Hiring & Firing Period Demand Total Workforce Inventory Reg. Overt Sub Hire Prod. Prod. 30 10 Fire ime cont. 0 50 2 70 3 100 4 120 5 60 6 60 3) Modify Part 1 - keep the initial workforce level and use overtime and subcontracted production as needed, no backorders (no hiring or firing). What is the total cost of this Aggregate Plan? (1.25 marks/ Production Breakdown Hiring & Firing Hire Fire Period Demand Aggregate Production Plan Total Workforce Inventory Prod. 30 10 Reg. Prod. Overt ime Sub- cont. 0 1 50 2. 70 3 100 4 120 5 60 6 60 4) Modify Part 2 - limit the number of hiring to max of 10 in each month (no overtime or subcontracted production). What is the total cost of this Aggregate Plan? (1.25 marks/