Question: The current workforce level is 4 workers. Production rate is 125 /worker/month. The following costs apply:Wages =$2,250/ worker/month Hiring cost =$200/ worker Layoff Cost =$250/

The current workforce level is 4 workers. Production rate is 125 /worker/month. The following costs apply:Wages =$2,250/ worker/month Hiring cost =$200/ worker Layoff Cost =$250/ worker Inventory holding cost =$1/ unit/month Back ordering cost =$2/ unit/month If a Chase strategy is applied, and hiring or layoffs are used a $59,500 $60,750 $48,000 $60,000 $50,000

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