A retailer experiences a seasonal demand pattern for its services. Labor requirements (in terms of workers needed) )over a typical six- month period follows. Period I.- -..1: - Wages $3000/month/worker o Hiring cost = $1500/worker - Layoff cost = $ 1000/worker . Overtime cost = 150% of regular-time rate The current workforce level is 11, and overtime cannot exceed 25% of regulartime capacity. 1. For a chase strategy in this service example: E a. What is the staffing plan? (# of workers, hiring, and layoffs) Plan - Chase Forecasted demand (# of _ workers) 12 H -II _ _ -n Hires planned - Layoffs planned - b. What is cost (wages, hiring, layoff) of the above staffing plan