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A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1

A small manufacturer of specialty welding equipment has developed a combinationproduction plan for the next four quarters, as seen below:

Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4
Forecast (demand) 4,000 4,400 4,500 5,100
Regular production 4,000 4,500 4,500 4,500
Subcontract production 100 400
Ending inventory 200 200
Hired employees 3 5
Fired employees
Total employees 37 40 45 45 45

The table below shows additional relevant information:

CapacityInformation & Cost Variables
Production rate (units/employee/quarter) 100
Subcontractor capacity (units/quarter) 510
Regular production cost/unit $80
Holding cost/unit/quarter $11
Hiring cost/employee $1,040
Firing cost/employee $2,100
Subcontract cost/unit $120

What is the overall total cost for this production plan? (Displayyour answer to the nearest whole number.) What is the total subcontract cost for this production plan? (Displayyour answer to the nearest whole number.) What is the total holdingcost for this production plan? (Displayyour answer to the nearest whole number.) What is the total hirecost for this production plan? (Displayyour answer to the nearest whole number.) What is the total firecost for this production plan? (Displayyour answer to the nearest whole number.)

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