Problem 13-8 (Algo) Appliances Inc. is preparing an aggregate production plan for washers for the next four months. The company's expected monthly demand is given below in the chart. The company will have 620 washers in inventory at the beginning of the month and desires to maintain at least that number at the end of each month. Assume hiring and layoff/firing, if necessary, occur at the beginning of the month. Below is other critical data: Production cost per unit = $372 Inventory carrying cost per month per unit = $62 (based on ending month inventory) Hiring cost per worker = $1,240 Firing cost per worker = $2,480 Beginning number of workers = 12 picture Click here for the Excel Data File Each worker can produce 124 units per month. Help Save a. Given the planning information, develop a level production plan and a chase production plan (Leave no cells blank - be certain to enter "O" wherever required.) Level Plan cipped Month Demand Regular Production Ending Inventory Workers Required Hire Fire 1 2 Book 4,960 7,440 3.720 3 4 8,680 24.800 erences Total 0 0 0 3 5 Bipped Ending Inventory Workers Required Hire Fire Chase Plan - Variable Workforce Month Demand Regular Production 1 4,960 2 7,440 3 3,720 4 8,680 Total 24,800 0 Book Wim Print erences 0 0 0 b. Determine the cost of the two plans. Total cost for level plan Total cost for chase plan