Question: Given the following unit costs and forecasting: Regular output = $35 Overtime = $45 Subcontract = $55 Average Balance Inventory = $5 Period Forecast Jul

Given the following unit costs and forecasting:

Given the following unit costs and forecasting: Regular output = $35 Overtime = $45 Subcontract = $55 Average Balance Inventory = $5 Period Forecast Jul Aug Sep Oct Nov Dec 320 340 360 380 400 420 a) Determine the regular output if the level production (regular steady output) strategy is selected. b) Using the regular steady output strategy, without part time, overtime, and subcontract, develop an aggregate plan and determine the total cost of that plan. No backlog is allowed. c) Two employees are about to retire, which would decrease the regular output to a steady level of 350 units a month. Using subcontracting to make up needed output, and not using any overtime, part time or backlog, develop an alternative aggregate plan and determine the total cost of that plan

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