question 2

Reference: Use the following for problems 1-3. Labor Labor Cost regular 24 $/hr Overtime 32 $/hr hiring firing Capacity Period 1 Period 2 Period 3 Period 4 125 $/employee 200 $/employee initial 2 employee fabrication 3.6 hrs/unit hr/time regular time 160 period/employee hr/time overtime 40 period/employee 1. Calculate the total cost to meet the demand using a chase production plan without using overtime. 2. Calculate the total cost to meet the demand using a chase production plan with overtime. Once overtime is approved the workers are on the job 12 hours each day for the full period. 3. Calculate the total cost to meet the demand using a level production plan with overtime. Once overtime is approved the workers are on the job 12 hours each day for the full period. Each unit that cannot be filled with a level production plan will be back-ordered and costs the firm $150. Assume that the employees can only finish a whole unit and round up/down accordingly. Employee #units 200 150 185 210