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Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you

Complete the chase production plan, using the following information. The only costs you need to consider here are layoff, hiring, and inventory costs. If you complete the plancorrectly, your hiring, layoff, and inventory costs should match those given here.

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Layoff Hiring Inventory Totals: 270 270 36,000 Cost: $405,000 $540,000 $72,000 Cost of plan: $1,017,000 Planning values Starting inventory: 3,000 Starting and ending workforce: 223 Hours worked per month per hour: 315

Hours per unit: 35

Hiring cost per worker: $2,000

Layoff cost per worker: $1,500

Monthly per-unit holding cost: $2

Part 2

Fill in the production plan table below (enter your responses as whole numbers).

Month

Forecasted sales

Sales in worker hours

to meet sales

average=248

Actual workers

Actual production

Layoffs

Hiring

Ending inventory

223

3,000

March

1,728

enter your response here__

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