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Calculator Problem 4-19 (Algorithmic) The Silver Star Bicycle Company will be manufacturing both men's and women's models of its Easy.Pedal 10-speed bicycles during the next two months. Management wants to develop a production schedule Indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 160 men's and 135 women's models to be shipped during the first month and 220 men's and 170 women's models to be shipped during the second month. Additional data are shown: Model Production Costs $140 $110 Labor Requirements Chours) Manufacturing Assembly 1.8 1.7 1.6 1 Current Inventory 20 Men's Women's 30 Last month the company used a total of 1000 hours of labor. The company's or relations polley will not allow the combined total hours of labor (manufacturing plus assembly to increase or decrease by more than 100 hours from month to month. In addition, the company charges monthly inventory at the rate of 2% of the production cost based on the Inventory levels at the end of the month. The company would like to have at least 25 units of each model in inventory at the end of the two months a. Establish a production schedule that minimizes production and inventory costs and satisfies the labor moothing, demand, and inventory requirements. What inventories will be maintained, and what are the monthly labor requirements? If required, round your answers to the nearest whole number Production schedule: The optimal solution is to produce month 2 of the mens modelis month 1. of the men's model in month 2. Uits of the women's modelis month and of the women's model in Total Costus Inventory Schedule Month 1 Men's Women's Previous Next Assignmem Score All work saved Save and Exit Submit Assignment for Grading Month 2 Men's Women's Labor Levels I hours Previous month hours Month 1 Month 2 hours D. If the company changed the constraints so that monthly labor increases and decreases could not exceed 50 hours, what would happen to the production schedule? If required, round your answers to the ne whole number Production schedule: of the men's model in month 1 of the man's modelin month 2 The optimal solution is to produce month 2 units of the women's model in month 1, and of the women's Total Costs How much will the cost increase? $ What would you recommend? The input in the box below will not be graded, but may be reviewed and considered by your instructor.