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Consider the following proposed plan, for a different demand schedule, that combines the strategy of hiring, layoffs, and utilizing overtime. Payroll costs are $ 6

Consider the following proposed plan, for a different demand schedule, that combines the strategy of hiring, layoffs, and utilizing overtime. Payroll costs are $ 6 comma 000 in wages per worker for regular time worked, with an overtime pay rate of $ 18 for each overtime hour. The cost of hiring a worker is $ 3 comma 100, and the cost of laying off a worker is $ 1 comma 400.
Quarter
Demand
(hours)
Workforce
Hires
Layoffs
Overtime
(hours)
1
6,000
12
1
2
12,000
24
12
3
19,000
31
7
3,500
4
9,000
18
13
Total
85
20
13
3,500
The total cost for this plan would be $
enter your response here. (Enter your response as an integer.)

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