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Manager Chris Channing of Fabric Mills, Inc., has developed the forecast shown in the table for bolts of cloth. The figures are in nundreds of

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Manager Chris Channing of Fabric Mills, Inc., has developed the forecast shown in the table for bolts of cloth. The figures are in nundreds of bolts. The department has a regular output capacity of 300(00) bolts per month, except for the seventh month, when capacity will be 200(00) bolts. Regular output has a cost of $25 per hundred bolts. Workers can be assigned to other jobs if production s less than regular. The beginning inventory is zero bolts. 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 Eertain to enter "0" wherever required.) 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 "0" wherever required.)

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