Question: The current workforce level is 4 workers. Production rate is 100/ worker/month. The following costs apply:Wages =$2,000/ worker/month Hiring cost =$200/ worker Layoff Cost =$250/

The current workforce level is 4 workers. Production rate is 100/ worker/month. The following costs apply:Wages =$2,000/ worker/month Hiring cost =$200/ worker Layoff Cost =$250/ worker Inventory holding cost =$1/unit/month Back ordering cost =$2/unit/month If a Level strategy is used, what is the total inventory cost, which includes inventory holding cost and back ordering cost? First, you need to determine the quantity to produce every period. 500 200 450 900 1100 The current workforce level is 4 workers. Production rate is 100/ worker/month. The following costs apply:Wages =$2,000/ worker/month Hiring cost =$200/ worker Layoff Cost =$250/ worker Inventory holding cost =$1/unit/month Back ordering cost =$2/unit/month If a Level strategy is used, what is the total inventory cost, which includes inventory holding cost and back ordering cost? First, you need to determine the quantity to produce every period. 500 200 450 900 1100

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