Excel Online Activity: Aggregate Planning - Chase Production Consider the situation faced by Golden Beverages, a producer of two major products - Old Fashioned and Foamy Delite root beers. Golden Beverages operates as a continuous flow factory and must plan future production for a demand forecast that fluctuates quite a bit over the year, with seasonal peaks in the summer and winter holiday season. How should Golden Beverages plan its overall production for the next 12 months in the face of such fluctuating demand if the chase demand strategy is applied? The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. X Open spreadsheet Questions 1. What is the average monthly demand? Round your answer to two decimal places. barrels 2. What is the maximum monthly ending inventory? Round your answer to the nearest whole number. barrels 3. What are the costs associated with chase demand production plan? Round your answers to the nearest cent. Production Cost Inventory Cost Lost Sales Cost Overtime Cost Undertime Cost Month Totals $ 4. What is the total cost? Round your answer to the nearest cent. LA Rate Change Cost 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 B Aggregate Planning: Chase Demand Strategy Production cost ($/unit) $66.00 $1.40 Inventory holding cost ($/unit) $84.00 Lost sales cost ($/unit) Overtime cost ($/unit) Undertime cost ($/unit) $6.10 $3.00 Rate change cost ($/unit) $4.80 Normal production rate (units) Ending inventory (previous Dec.) Month January February March April May June July August September October November December Average Month E Cumulative Cumulative Product Demand Production Availability Ending Inventory Maximum Overtime Undertime Rate Change Ceal Ceat D 2,200 1,200 Demand 1.500 900 2,100 2,900 3,000 3,200 3.400 3,200 2,100 900 1,700 2,000 Production Inventory Lost Sales Real F G Lost Sales H I Month January February March April May June July August September October November December Average Manil J Demand 1,500 900 2,100 2,900 3,000 3,200 3,400 3,200 2,100 900 1,700 2,000 Production #N/A K Cumulative Demand #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Inventory Coal L Production #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Lost Sales Cast Maximum 3 Cumulative Product Availability #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Overtime Cast N #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Ending Inventory Undertime 0 #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Los Sale Rate Chang 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 $ wwwwwwwwwww Month January February March April May June July August September October November December Totals Total cost Cost Cost Cost Cost Cost Cost Month January February March April May June July August September October November December Totals Total cost #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Cost Cost Cost #N/A V #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A V #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Cost #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Cost #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Cost