Excel Online Activity: Aggregate Planning 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 aggregate planning 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. 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 aggregate production plan? Round your answers to the nearest cent. Production Cost Inventory Cost $ Lost Sales Cost Overtime Cost Month Totals Undertime Cost Rate Change Cost $ $ 4. What is the total cost? Round your answer to the nearest cent. Aggregate Planning Production cost (Siunt) nventory holding cost (S/unit) Lost sales cost (S/unit) Overtime cost (5/unit) Undertime cost (Stunit) Rate change cost ($/unit) ormal production rate (units) ng inventory (previous Dec.) $69.00 $1.30 $82.00 $6.40 $3.30 $4.60 2.100 1.200 Cumulative Demand Ending Inventory Lost Sales Month January February March Demand 1,700 1.300 2.200 2.800 3.000 Cumulative Product Production Availability 1,250 2.450 2.450 2.450 2.450 2.450 2.450 2.450 2.450 2.450 May June 3.500 3.400 2.300 August September October November December Average 2100 2.450 Maximum