make sure you recognized the information that was static for these problems The president of in Enterprises, Terrol projects the firm's regate demand requirements over the next 5 months as follow Production Days Jan 22 Month Expected Demand 1400 Feb 1600 Mar 1300 AD 1814 18 21 21 May 932 7546 22 104 The costing information is piven below Cost Information Inventory Carrying Cost $10 per unit per month Subcontracting cost per unit $15 per unit Average pay rate $10 per hour Standard work day 8 hours Overtime pay rate $20 per hour (above standard work day Labor-hours to produce a unit 2 hours per unit Cost of increasing day production 5 500 per unit rate hiring and training) Cost of decreasing daily production 5750 per unit rate (layoffs) For this question Assume Hill Enterprises is using a constant workforce based on the May production rate and will use subcontracting to account for any additional demand What is the total cost of labor for this strategy? E