What is the Minimum cost with minimum inventory plan? Labor standard is 80 minutes/unit Regular time cost: 24/hour Overtime cost: $36/hour Inventory carrying cost is $12.00/item/month FTE Standard is 520 hours/quarter Operation is 40 hours/week, 52 weeks/year, 12 month/year Beginning inventory: 2000 units Ending inventory: 1500 units Regular time production capacity is limited to 35 FTE/month 89 10 11 12 There is no hiring or firing costs Month 12 3 4 5 6 7 Demand 3600 3550 3240 4460 4600 5520 6850 6150 5590 58104360 3470