When using a pure chase strategy with hires and fires, calculate the number of employees needed to satisfy each period's demand. Once you have established the number of employees needed, either hire or fire as required. Use the following data and the pure chase strategy to calculate the cost of satisfying demand in Periods 1 through 8: B 6 8 $12.50 $18.75 $125.00 $25.00 $10.00 $800.00 $500.00 16 A 4 Cost Data 5 Regular-time labor cost per hour Overtime labor cost per hour 7 Subcontracting cost per unit (labor only) Back-order cost per unit per period 9 Inventory holding cost per unit per period 10 Hiring cost per employee 11 Firing cost per employee 12 13 Capacity Data 14 Beginning workforce (employees) 15 Beginning inventory (units) Production standard per unit (hours) 17 Regular-time available per period (hours) 18 Overtime available per period (hours) 19 20 Demand Data (units) 21 Period 1 22 Period 2 23 Period 3 24 Period 4 25 Period 5 26 Period 6 27 Period 7 28 Period 8 29 30 Total Number of Periods 90 0 8 160 40 1920 2160 1440 1200 2040 2400 1740 1500 8 After evaluating the chase strategy, select all statements below which is are TRUE. The total firing cost is larger than the total firing cost. The total hiring cost is $62,400 The total production cost is $1,548,900 The total hiring cost is larger than the total firing cost. Overtime labor cost is $200,000 The total regular-time labor cost is $1,440,000