Question: Please complete this question. Please make sure the bottom part of this question is correct (I posted the numbers that are correct in the first

Please complete this question. Please make sure the bottom part of this question is correct (I posted the numbers that are correct in the first half) and answer only if you're absolutely sure and show your work how you computed the blanks.

Plan production for the next year. The demand forecast is spring, 20,000; summer, 10,000; fall, 16,000; winter, 17,000. At the beginning of spring you have 65 workers and 1,000 units in inventory. The union contract specifies that you may lay off workers only once a year, at the beginning of summer. Also, you may hire new workers only at the end of summer to begin regular work in the fall. The number of workers laid off at the beginning of summer and the number hired at the end of summer should result in planned production levels for summer and fall that equal the demand forecasts for summer and fall, respectively. If demand exceeds supply, use overtime in spring only, which means that backorders could occur in winter. You are given these costs: hiring, $90 per new worker; layoff, $180 per worker laid off; holding, $18 per unit-quarter; backorder cost, $11 per unit; straight-time labor, $11 per hour; overtime, $17 per hour. Productivity is 0.5 unit per worker hour, eight hours per day, 50 days per quarter.

Find the total cost of this plan. Note: Hiring expense occurs at beginning of Fall. (Leave no cells blank - be certain to enter "0" wherever required.)

Spring Summer Fall Winter
Forecast 20,000 10,000 16,000 17,000
Beginning inventory 1000 0 0 0
Production required 19000 10000 16000 17000
Production hours required 38000 20000 32000 34000
Regular workforce 65 50 80 80
Regular production 13000 10000 16000 16000
Overtime hours 12000 0 0 0
Overtime production 6000 0 0 0
Total production 19000 10000 16000 16000
Ending inventory 0 0 0 0
Ending backorders 0 0 0 1000
Workers hired 0 0 30 0
Workers laid off 0 15 0 0
Spring Summer Fall Winter
Straight time $ $ $ $
Overtime
Inventory
Backorder $
Hiring
Layoff
Total $ $ $ $
Total cost $

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