Please show step-by-step solution

Please show step-by-step solution

Mary Rhodes, operations manager at Burnaby Furniture, has received estimates of demand requirements: July 1,300 Aug. 1,150 Sept. 1,100 Oct. 1,600 Nov. 1,900 Dec. 1,200 Assuming stockout costs for lost sales of $125 per unit, inventory carrying costs of $30 per unit per month, and zero beginning and ending inventory, evaluate the following plan on an incremental cost basis: Plan B: Vary the workforce, which performs at a current production level of 1,300 units per month. The cost of hiring additional workers is $30 per unit produced. The cost of layoffs is $65 per unit cut back. Fill in the table below. (Enter your responses as whole numbers). Hire (Units) Layoff (Units) Demand 1300 Production Month 1 July 2 August 3 September 4 October 5 November 6 December 1150 1100 1600 1900 1200 Plan B: Vary the workforce, which performs at a current production level of 1,300 units per month. The cost of hiring additional workers is $30 per unit produced. The cost of layoffs is $65 per unit cut back. Fill in the table below. (Enter your responses as whole numbers). Hire (Units) Layoff (Units) Production Demand 1300 Month 1 July 2 August 3 September 4 October 1150 1100 1600 1900 5 November 6 December 1200 The total hiring cost is $ (Enter your response as a whole number.) The total layoff cost is $ (Enter your response as a whole number.) The total cost, excluding normal time labour costs, for Plan B is $ (Enter your response as a whole number.) Enter your answer in each of the answer boxes