Question: PLEASE SHOW ALL WORKINGS AND PROVIDE A STEP BY STEP SOLUTION Use a Level strategy and develop an aggregate plan using inventories and no backorders.

PLEASE SHOW ALL WORKINGS AND PROVIDE A STEP BY STEP SOLUTION
Use a Level strategy and develop an aggregate plan using inventories and no backorders. Test and evaluate the plan. The data is tabulated below. If the number of employees required is fractional, always round up (ceiling). Answer the following questions
a. total cost incurred
b. cost per unit
c. number of workers hired
d. number of workers fired
Cost data in $
Regular time labor cost per hour 15
Overtime labor cost per hour 20
Subcontracting cost per unit (labor only)120
Backorder cost per unit per period 22
Inventory holding cost per unit per period 10
Hiring cost per employee 800
Firing cost per employee 500
Capacity Data
Beginning workforce (employees)95
Beginning inventory (units)10
Production standard per unit (hours)8
Regular time available per period (hours)160
Overtime available per period (hours)40
Demand data (units)
Period 11800
Period 21960
Period 31910
Period 42090
Period 51800
Period 62410
Period 72870
Period 82860
Period 92200
Total Number of periods 9

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