Question: Given the following cost information and the aggregate plan below: Quarter Demand 500 units 1 800 $16 per unit Previous production level Inventory holding cost

Given the following cost information and the

Given the following cost information and the

Given the following cost information and the aggregate plan below: Quarter Demand 500 units 1 800 $16 per unit Previous production level Inventory holding cost Hiring workers Laying off workers 2 400 $46 per unit 3 1000 $96 per unit 4 700 $160 per unit Subcontracting cost Regular time production cost $105 per unit Quarter Demand Ending Inventory Subcontract Hiring Regular time production 500 Laying Off 0 0 1 800 600 0 200 100 0 2 400 600 200 0 0 0 3 1000 600 0 200 0 0 4 700 600 0 100 0 0 Calculate the overall cost for quarters 1 to 4, including production costs, subcontracting, inventory, hiring, and layoff costs. Do not consider the regular time production cost from quarter 0 and the cost of the inventory from quarter 0

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