Question: 6. (**) Complete the level production plan using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs.

6. (**) Complete the level production plan using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plan correctly, your hiring, layoff, and inventory costs should match those given.

LAYOFF HIRING INVENTORY Totals: Costs: 25 25 32,224 $50,000 $75,000 $193,344 Cost

of plan: $318,344 Planning values Starting inventory: Starting and ending workforce: Hours

LAYOFF HIRING INVENTORY Totals: Costs: 25 25 32,224 $50,000 $75,000 $193,344 Cost of plan: $318,344 Planning values Starting inventory: Starting and ending workforce: Hours worked per month per worker: 1000 227 160 Hours per unit: 20 Hiring cost per worker: $3000 Layoff cost per worker: $2000 Monthly per-unit holding cost: $6

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