Question: (I MOSTLY NEED HELP WITH HOW TO DO THIS IN EXCEL PROPERLY) A firm practices a pure chase strategy. Production last quarter was 1000. Demand

(I MOSTLY NEED HELP WITH HOW TO DO THIS IN EXCEL PROPERLY) A firm practices a pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated to be 900, 700, 1000, and 1000. Hiring cost is $20 per unit, and layoff cost is $5 per unit. Over the next year, what will be the sum of hiring and layoff costs?

Quarter	FORECAST (UNITS)	EXTRA COST OF INCREASING PRODUCTION (HIRING COST)	EXTRA COST OF DECREASING PRODUCTION (LAYOFF COST)	TOTAL COST
1	900
2	700
3	1,000
4	1,000


Production previous quarter	1,000
Hiring Cost	$ 20
Layoff Cost	$ 5

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