Question 18 6 Points In addition to the same given information in Question 17, if it is given to you that the cost of increasing daily production rate (hiring and training) is $700 per unit and the cost of decreasing the daily production rate (layoffs) is $800 per unit. what would be the total cost if we used varying the workforce size by hiring and layoffs Month Demand # days #workers Production hours Production Subcontract Jan 2,200 21 53 8,904 2,226 0 Feb 1,900 18 53 7,632 1,908 0 Mar 2,000 18 53 7,632 1,908 92 Apr 2,450 22 53 9,328 2,332 118 May 2,550 19 53 8,056 2,014 536 Jun 2,500 20 53 8,480 2,120 380 Totals 50,032 1,126 Marginal costs 24 34 Costs 1,200,768 38,284 Total cost 1,239,052 Lowest 1,900 Prod hrs required 7,600 Available hrs/ worker 144 # workers 53 Question 18 6 Points In addition to the same given information in Question 17, if it is given to you that the cost of increasing daily production rate (hiring and training) is $700 per unit and the cost of decreasing the daily production rate (layoffs) is $800 per unit. what would be the total cost if we used varying the workforce size by hiring and layoffs Month Demand # days #workers Production hours Production Subcontract Jan 2,200 21 53 8,904 2,226 0 Feb 1,900 18 53 7,632 1,908 0 Mar 2,000 18 53 7,632 1,908 92 Apr 2,450 22 53 9,328 2,332 118 May 2,550 19 53 8,056 2,014 536 Jun 2,500 20 53 8,480 2,120 380 Totals 50,032 1,126 Marginal costs 24 34 Costs 1,200,768 38,284 Total cost 1,239,052 Lowest 1,900 Prod hrs required 7,600 Available hrs/ worker 144 # workers 53