Please solve Question C

Question 4 (35 pts): University Press publishes textbooks for the academic market. The relevant cost and printing equipment-related capacity information are given below. Regular production cost = $20 per book Regular production max. capacity = 10 000 books per quarter Overtime production cost = $30 per book Overtime production max. capacity = 5000 books per quarter Subcontracting cost = $35 per book Beginning inventory Holding cost = $2 per book = 0 NOT: Draw the table format given below on the answer sheet and fill it in for each question (a, b, and c) Quarter Demand Total Workforce Inventory Regular Overtime Subcontract Hire Fire Production Production Production 1 5000 2 10000 30000 4 25000 a) Fill all blank spaces in the following table (draw the table format on the answer sheet and fill in) so that it represents an aggregate production plan using a pure level approach with average demand. What is the total cost of the initial plan? (10 pts) b) Fill all blank spaces in the following table (draw the table on the answer sheet) so that it represents an aggregate production plan using a pure chase approach. For this question, we will ignore workforce-related costs since the cost information is not provided. What is the total cost of the plan? Compared to the level approach in part a), which approach seems better? Justify your answer briefly. (10 pts) c) Based on parts a) and b), develop an improved aggregate production plan in terms of the total cost. The plan may deviate from a pure level or a pure chase approach. Assume that no other information or objective will be considered. Provide the total cost of the improved plan and explain briefly how you came up with your improved plan