Given the information below, please calculate the cost of Chase vs Level strategies. Your submission should be in Excel showing all calculations (use formulas instead of typing in numbers). # of work days per month Demand Forecast Month 1 1000 22 Month 2 1200 20 Month 3 800 21 Beginning inventory for Month 1 200 Safety stock 10% of demand Hiring cost per employee 100 Layoff cost per employee 150 Employee hourly wage 10 Labor hours required per unit 7 Stockout cost per unit 4 Inventory holding cost per unit 2 for chase strategy assume that the company had 36 employees in month 1. In both cases employees are working 8 hours per day