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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 plan correctly, your hiring, layoff, and inventory costs should match those given here.

Layoff

Hiring

Inventory

Totals

257

257

30,000

Costs

$642,500

$1,028,000

$300,000

Cost of plan

$1,970,500

Planning values

Starting inventory

2,500

Starting and ending workforce

210

Hours worked per month per worker

90

Hours per unit

15

Hiring cost per worker

$4,000

Layoff cost per worker

$2,500

Monthly per-unit holding cost

$10

Month

Forecasted sales

March

1,116

April

948

May

948

June

708

July

1,152

August

1,482

September

1,932

October

1,920

November

2,142

December

2,238

January

1,746

February

1,380

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

Month

Forecasted sales

Sales in worker hours

to meet sales

average=246

Actual workers

Actual production

Layoffs

Hiring

Ending inventory

210

2,500

March

1,116

nothing

nothing

nothing

nothing

nothing

nothing

nothing

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