Question: If you could please show how you solved the blank bolded problems in Excel that would be most helpful using the Chase production model Supply/Demand

If you could please show how you solved the blank bolded problems in Excel that would be most helpful using the Chase production model

Supply/Demand Info Beginning Jan Feb Mar Apr May Jun TOTAL
Forecast (demand) 58,000 59,800 56,400 49,800 61,400 61,800 347,200
Actual Production
Regular production 34000 34000 34000 34000 34000 34000 204000
Overtime production 0
Subcontract production 0
Ending inventory 5,400 -18,600 -44,400 -66,800 -82,600 -110,000 -137,800 -460,200
Hired employees 0
Fired employees 0
Total employees 170 170 170 170 170 170 170 170
Cost Variables Regular Production Cost
Labor cost/hour $16 Capacity Information Total Overtime
Labor cost per unit $64 Total labor hours/SSD 4 Total Subcontract
Overtime cost/unit $38 Regular production units/employee/month 200 Total Holding Cost
Subcontracting cost/unit $35 Max regular production/month 56,200 Hire Cost
Holding cost/unit/month $8 Max overtime production/month 5,000 Fire Cost
Hiring cost/employee $2,900 Max subcontractor production/month 5,200 TOTAL COST
Firing cost/employee $5,400

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