LOPOT Hours lait 1 P301 - Problem 7 Note that there are 4 questions to this problem Qs 3&4 are on page below. The owner of a small mill-working plant that builds cabinets is developing his aggregate plan for the next year. The relevant cost data and forecast for the next 4 quarters is provided below. The company currently has 20 employees and works one 8 hour shift each day with 2 paid 15 minute breaks. Assume each quarter has 65 working days, and that it currently has no units in stock. Use this information and the information from the table to answer the questions below. Costs Forecast Other Data Holding Cost/Unit/Quarter $218.50 Qtr 1 1600 12 Hiring Cost $2,500.00 Otr 2 1300 0 Layoff Cost $3,000.00 Qtr 3 vrne paper 2200 Quader 65 Subcontract Cost $400 00 Qtr 4 1750 Avg Labor Cost/Hour $21.50 Overtime Labor Cost/Hour $32 25 Part! un) if the company used a chase semana sianegy and rounded any actional number or employees to the nearest whole number, how many employees would be used in each quarter? (round final answer to nearest whole number Qtr 1 Qtr 2 Qtr 3 Qtr 4 Forecast 1600 1300 2200 1750 Hours Reg Workers Reg. Workers Used Q2) If the company used a level capacity strategy and rounded any fractional number of employees to the nearest whole number, how many employees would be used? Period 2 3 4 Forecast 1600 1300 2200 1750 Hours Reg. Workers Reg. Workers Used Assume the company decided to go with a level plan using 40 employees. They also have decided to use overtime to cover any periods where production and on hand inventory do not cover demand. Q3) What would the overtime cost be for this plan? 04) What would the total cot be for this plan? Level Capacity Agregate Plan Period 1 2 4 Forecast 1600 1300 2200 1750 Workers Used 40 40 40 140 Hire (Fire) Production Production Forecast Inventory B.1. E.C. Average Overtime Production Overtime Hours Total Cost Hiring Cost Finng Cost Reg. Output O.T. Subcontract Inventory Backorder Total Cost Total Cost For Plan 3