Problem 2: A company needs to develop an aggregate production plan for the six months from January through June. The following information is available DEMAND & WORKING DAYS January February March April May June Total Demand 500 600 650 800 4250 Forecast 900 800 19 21 21 22 20 125 Number of 22 working days COSTS Rs 100/unit Rs 10/unit/month Rs 20/unit/month Rs 100/unit Materials Inventory holding cost Cost of Stock out Cost of Subcontracting Hiring and Training cost Layoff cost Labour hours required Straight time cost (first eight hours each day) Overtime cost Rs 50/worker Rs 100/worker 4/unit Rs 12.50/hour Rs 18.75/hour INVENTORY 200 units Beginning Inventory Safety Stock required Nil What is the cost of each of the following production strategies? (a) Produce exactly to meet demand (level production); vary workforce (assuming starting workforce equal to first month's requirements). () Constant workforce; vary inventory and allow shortages only (assuming s starting workforce of 10). (c) Constant workforce of 10; use subcontracting