Prod. Planning and Control

QUESTION 1 Given the below information, complete the aggregate plan based on chase strategy: Materials |$15/unit Holding costs $0.55/unit per month Marginal cost of stock-out $0.85/unit per month Hiring and training cost $300/worker -Layoff costs $450/worker Labor hours required 0.35 hrs/unit Straight time labor cost $10/hour Beginning inventory 300 units -Productive hours/worker/day 6.75 Paid straight hrs/day 8 Oct Nov Days/mo 21 22 Hrs/worker/mo X Units/worker $/worker Demand 10000 6000 X Beg. inv. 300 Net req. Req. workers X X Hired Fired X Workforce Ending inventory Material cost Labor Cost X Hiring Cost X Firing Cost Total cost per month