I have labeled the three workaheets below for your solutions. Use them in this same file and just change the file name to put your last name(s) 1. Use Level Production Strategy (Constant Production, will have inventory and backorder-see explanation below) 2. Use Chase Production strategr (Hire and Fire) 3. Use your unlque strategr-a combination of different strategies-explain the strategr in a couple of sentences Instructions: 1. Solution for each strategy needs to be on different spreadsheets labeled below as Level, Chase and Unlque. 2. Show the formulae and calculation for each stration. In other words, cannot use calculator and type answers in. I want to see your Exicel skills aho. Eachorder Examplet Eack Order is tike negathe imentory. Ler's assume John Doe orders 10 tractors from a tractor dealer in the month of lanuary. The retalier has only four to ship and is short by six to meet the demand. The retaller met the demand for 4 tractors and had the remalning slx on backorder, Let's assume that lohn recelved the tractor in Aprit, three months after it was ordered. The tractor dealer incurred a backorder cost for 3 months ( $203 months - $60 per unit), Obvioutly, you cannot have inventory and backorders in the same month, fust like yoa cannot have hiring and laving off in the same monthl Keep in mind, Stockout means you lose the demand completely while backorder means you meet the demand latel