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The Silver Star Bicycle Company will be manufacturing both men's and women's models of its Easy-Pedal 10-speed bicycles during the next two months. Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 150 men's and 125 women's models to be shipped during the first month and 200 men's and 150 women's models to be shipped during the second month. Additional data are shown Current Inventory 30 40 Labor Requirements (hours) Production Costs $150 $120 Assembly 1.6 0.9 Manufacturing Model Men's Women's 1.9 1.7 Last month the company used a total of 1,000 hours of lsbor. The company's labor relations pdlicy will not allowi the combined total hours of lebor (manufacturing plus based on the inventory levels at the end of the month. The company would like to have at least 35 units of each model in inventory at the end of the two months a. increase or decrease by more than 100 hours from month to month. In addtion, te company charges monthy inventory at the rate or 2% ofthe Production oot Establish a production schedulh that minimizes production and inventory costs and satisfies the labor-smoothing, demand, and inventory requinements. what inventories will be maintained, and what are the monthly labor requirements? If required, round your answers to the nearest whole number Production schedule: The optimal solution is to produce1 162 X of the men's model in month 2 951 x units ofthe women's 193 X of the men's model in month 1, model in month 1, and| 175]x of the women's model in month 2. Total Cost- 6715 The Silver Star Bicycle Company will be manufacturing both men's and women's models of its Easy-Pedal 10-speed bicycles during the next two months. Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 150 men's and 125 women's models to be shipped during the first month and 200 men's and 150 women's models to be shipped during the second month. Additional data are shown Current Inventory 30 40 Labor Requirements (hours) Production Costs $150 $120 Assembly 1.6 0.9 Manufacturing Model Men's Women's 1.9 1.7 Last month the company used a total of 1,000 hours of lsbor. The company's labor relations pdlicy will not allowi the combined total hours of lebor (manufacturing plus based on the inventory levels at the end of the month. The company would like to have at least 35 units of each model in inventory at the end of the two months a. increase or decrease by more than 100 hours from month to month. In addtion, te company charges monthy inventory at the rate or 2% ofthe Production oot Establish a production schedulh that minimizes production and inventory costs and satisfies the labor-smoothing, demand, and inventory requinements. what inventories will be maintained, and what are the monthly labor requirements? If required, round your answers to the nearest whole number Production schedule: The optimal solution is to produce1 162 X of the men's model in month 2 951 x units ofthe women's 193 X of the men's model in month 1, model in month 1, and| 175]x of the women's model in month 2. Total Cost- 6715