Manager Chris Channing of Fabric Mills, Inc., has developed the forecast shown in the table for bolts of cloth. The figures are in hundreds of bolts. The department has a regular output capacity of 270(00) bolts per month, except for the seventh month, when capacity will be 245(00) bolts. Regular output has a cost of $25 per hundred bolts. Workers can be assigned to other jobs if production is less than regular. The beginning inventory is zero bolts. Month 1 2 3 4 5 6 7 Forecast 300 250 250 320 280 275 250 1,925 Total a. Develop a chase plan that matches the forecast and compute the total cost of your plan. Overtime is $65 per hundred bolts. Regular production can be less than regular capacity. (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required.) Period 1 2 3 4 5 6 7 Total 300 250 250 320 280 275 250 1.925 Forecast Output Regular Overtime Output - Forecast Cost Regular Overtime Total b. Would the total cost be less with full regular production each period with no overtime, but using a subcontractor to handle the excess above regular capacity at a cost of $55 per hundred bolts? Backlogs are not allowed. The inventory carrying cost is $2 per hundred bolts. (Round your Average inventory values to 1 decimal place. Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required.) Period 2. 3 4 5 6 7 Total 300 250 250 320 280 275 250 1,925 Forecast Output Regular Subcontracting Inventory Beginning Ending Average Cost Regular Subcontracting Inventory Total