Demand for Quiggly Pops (QP) follows an up and down pattern over the four quarters of a year, with peaks in the spring and winter months when special promotions are held. Quarter Demand Forecast Beginning workforce 40 workers 1 70,000 Production per employee - 1,250 units per quarter 2 100,000 Hiring cost = $500 per worker 3 50,000 Firing cost = $500 per worker 4 150,000 Inventory carrying cost = $1 per unit per quarter Total 370,000 Regular production cost = $10 per unit Production is handled by a highly skilled local workforce during a regular 40-hour week (i.e., overtime and subcontracting are NOT used). The company likes to zero out its inventory at the end of a year so that it can start fresh each January What is the total cost for the chase strategy? Ou Pemand Forecast Chase Strategy (Beginning workforce 40 workers) Regular #Workers Production Inventory Necessary # Hired Fired 1 70,000 2 100,000 3 50.000 4 150,000 Cost