Complete the 4 different production plan models and write a paragraph to management. April May June Totals Beginning Inventory Demand Forecast Number of Working Days by Month January February March 400 1800 1500 1100 22 S 19 21 Workers work 8 hours per day 900 21 1100 22 1600 20 8000 125 Costs Materials Inventory holding cost Marginal cost of stockout Marginal cost of subcontracting Hiring and training cost Layoff cost Labor hours required per unit Straight-line cost (first eight hours each day) Overtime cost time and a half) $100.00 $ per unit $1.50 $ per unit per month $5.00 $ per unit per month $20.00 $ per unit ($120 less $100 material cost) $200.00 $ per worker $250.00 $ per worker 5.0 hours per unit $4.00 $ per hour $6.00 $ per hour Aggregate Production Planning Requirements March January February 400 April May June Beginning Inventory Demand Forecast Safety Stock (-25 x Demand Forecast) Production Requirement Ending Inventory Complete the 4 different production plan models and write a paragraph to management. April May June Totals Beginning Inventory Demand Forecast Number of Working Days by Month January February March 400 1800 1500 1100 22 S 19 21 Workers work 8 hours per day 900 21 1100 22 1600 20 8000 125 Costs Materials Inventory holding cost Marginal cost of stockout Marginal cost of subcontracting Hiring and training cost Layoff cost Labor hours required per unit Straight-line cost (first eight hours each day) Overtime cost time and a half) $100.00 $ per unit $1.50 $ per unit per month $5.00 $ per unit per month $20.00 $ per unit ($120 less $100 material cost) $200.00 $ per worker $250.00 $ per worker 5.0 hours per unit $4.00 $ per hour $6.00 $ per hour Aggregate Production Planning Requirements March January February 400 April May June Beginning Inventory Demand Forecast Safety Stock (-25 x Demand Forecast) Production Requirement Ending Inventory