Given the following calculate (a) cost using a level production plan, (b) cost using a chase aggregate plan, and identify the lowest cost option. In the level production plan backorders are allowed but for each unfilled order it costs the company $10/unit. The employees work an 8 hour day and overtime is not allowed

	Demand
Period 1	240	Initial Employees	6
Period 2	235	Capacity/employee	40
Period 3	265	Hourly cost/employee	$18
Period 4	220	Inventory Holding	$20
Period 5	220	Shortage Cost	$10
Period 6	260	Hiring Cost	$230
		Firing Cost	$190