Sites PHILIP Time Remaining: 10:22:18 A Hide Time Remaining A Click to see additional instructions A company produces a line of bicycles. The manager is interested in using a chase production plan However, instead of using a firing and hiring strategy to achieve this, the manager would instead use the current workforce and supplement it with either overtime or undertime to change capacity to match demand exactly. The manager has asked you to develop such a plan using the data shown below. Cost data Regular-time labor cost per hour $10 Overtime labor cost per hour $15 Subcontracting cost per unit (labor only) $84 Holding cost per unit per period $10 Back-order cost per unit per period $20 Hiring cost per employee $600 $450 Firing cost per employee Capacity data Beginning workforce 210 employees 210 employees 100 ENG 6/11/20 o Thule Femaining: 10:21:35 A Hide Time Remaining A Capacity data Beginning workforce 210 employees 210 employees Beginning inventory 400 units 400 units Labor standard per unit 6 hours 6 hours Regular time available per period 160 hours 160 hours Overtime available per period 32 hours 32 hours Subcontracting maximum per period 1000 units 1000 units Subcontracting minimum per period 500 units 500 units Demand data Period 1 6000 units Period 2 4800 units Period 3 7840 units Period 4 5200 units search o iT Time Pennings 11:22 A Hide Time Remaining A Demand data Period 1 6000 units Period 2 4800 units Period 3 7840 units Period 4 5200 units Period 5 6500 units Period 6 3600 units Given this information, i. the number of production hours that would be required in period 2 to produce the exact quantity needed is hours. ii. the number of production hours that would be required in period 4 to produce the exact quantity needed is hours. 111. the number of production hours that would be required in period 3 to produce the exact quantity needed is hours. iv. the number of production hours that would be required in period 5 to produce the exact quantity needed is hours. AddENG