Month January February March April May June Expected Demand 900 700 800 1000 1500 1100 Production Days 20 120 20 20 20 20 Production per day 50 50 50 50 50 50 Cost and other Information Inventory holding cost Subcontracting Average Overtime cost Pay rate pay rate Labor hours to produce one unit Hiring cost Layoff cost $1/unit/month $20 per unit $10/hour $17/hour 1.6 hours/ unit $300/person 5600/person One possible plan is to maintain a constant work force throughout the 6 month period, 10 employees. Each employee can produce 5 units in one day (8 hour Use the following Table as a reference to calculate the total cost for this plan (maintain a constant work force throughout the 6 month period. (Level Strates Month January February March April May June 1900 700 Expected Demand 800 1000 1500 1100 Produce Beginning Inventory Ending Inventory Total Inventory Holding Cost is O 1700 9.000 O 8.500 0 1800 D 8.000