Q1, kindly please answer with step

Assignment 5-Aggregate Planning Question 1 Prepare TWO (2) strategies in aggregate planning and compute their total costs: (a) Use a mixed strategy: Jan-March use level production strategy with Sub-contracting and OT as needed. While April - June use chase demand strategy (3 marks) Jan Feb March Apr June 4,000 8,000 6,000 2,000 8,000 May 2,000 Current work force Production per worker Inventory holding cost Regular production cost Overtime production cost Sub-contracting cost Hiring cost Firing cost Beginning inventory 10 workers 200 units per unit $0.30 per unit per month $20.00 per unit $30.00 per unit $40.00 per unit $1,200 per worker $2.400 per worker 4000 units Mth Regular Production Overtime Sik Demand 4,000 Ending Inventory Workers HF Jan Feb 8,000 March 6,000 Apr 2,000 May 8,000 June 2,000 Total 30,000 Total Cost: 1