Question: I NEED ONLY FORMULATING, NOT THE FULL SOLUTON - Management wants to develop a production schedule indicating how many bicycles of each model should be

I NEED ONLY FORMULATING, NOT THE FULL SOLUTON

- Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. - Demand forecasts call for 150 men's and 125 women's models to be shipped during the first month and 200 men's and 150 women's during the second month. - Last month the company used a total of 1000 hours of labor. Company's policy will not allow the total hours of labor to increase or decrease by more than 100 hours from month to month. - The company charges inventory 2% of the production cost. The company would like to have at least 25 units of each model at the end of the 2 months. What is the minimum cost production schedule

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