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PP.51A small manufacturer of specialty welding equipment has developed a chase production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1

PP.51A small manufacturer of specialty welding equipment has developed a chase production plan for the next four quarters, as seen below:

Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4
Forecast (demand) 5,200 4,550 4,290 4,550
Regular production 5,200 4,550 4,290 4,550
Subcontract production
Ending inventory
Hired employees 5 2
Fired employees 5 2
Total employees 35 40 35 33 35

The table below shows additional relevant information:

CapacityInformation & Cost Variables
Production rate (units/employee/quarter) 130
Subcontractor capacity (units/quarter) 520
Regular production cost/unit $67
Holding cost/unit/quarter $10
Hiring cost/employee $700
Firing cost/employee $2,100
Subcontract cost/unit $122

What is the overall total cost for this production plan? (Displayyour answer to the nearest whole number.) What is the total regular productioncost for this production plan? (Displayyour answer to the nearest whole number.) What is the total holdingcost for this production plan? (Displayyour answer to the nearest whole number.) What is the total hirecost for this production plan? (Displayyour answer to the nearest whole number.) What is the total firecost for this production plan? (Displayyour answer to the nearest whole number.)

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