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 Labor Hours/Unit 12 Hiring Cost $2,500.00 Qtr 2 1300 Beginning Inventory Layoff Cost $3,000.00 Qtr 3 2200 Work days per Quarter 65 Subcontract Cost $400.00 Qtr 4 1750 Avg. Labor Cost/Hour $21.50 Overtime Labor Cost/Hour $32.25 0 Part 1 Q1) If the company used a chase demand startegy and rounded any fractional number of 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 Req. 15600 26400 21000 (Forecast *12) Workers Req. 19200/7.5/65 Workers Used 1 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 Req. Workers Req. Workers Used