Relevant information includes: Backorder cost per unit Holding cost per unit Number of Workers at the end of January Hiring cost per worker $20.00 $10.00 100 $50.00 Layoff cost per worker $70.00 Production time (hours) per unit 0.25 Straight time labor cost per hour $10.00 Overtime labor cost per hour $15.00 Working time (hrs/day) 8.00 Work days per month 20.00 Beginning inventory 0 Aggregate Production Planning Requirements Time Period Forecast Beginning Inventory Production Required (Forecast - Beginning inventory) Production hours required (# units * Production Time per unit) Regular workforce Regular production (Production hrs available / Labor hrs required per unit) Overtime hours Overtime production Total production (Production hours required / Production time per unit) Ending Inventory (Beginning inventory + Actual production Demand forecast) Ending backorders Workers hired Workers laid off Straight Time (Production hrs available x Straight time labor cost) Overtime Inventory cost Backorder cost Hiring cost Layoff cost Total costs February March April May Total Cost