PRODUCTION AND DPERATIDNS MANAGEMENT Formative assessment 1 {FA1} aggregate Planning Mini-case The ABC Manufacturing Corporation {ABCMC} is to put together a production plan for the turning quarter for its highly seasonal product. Forecasted demand: IICZictober 420 units. November STD units and December 510 units. ABCMC has existing 31) regular and full-time manufacturing employees. Based on the production efficiench budget and standard, each employee can produce 15 units per month and labor and material costs at $24 and $120 per unit, respectively. Any inventory balance at the end of each month is charged with inventory carrying cost at $15 per unit per month while any unserved demand or backlog is charged at 530 per unit per month. Assume no beginning inventory for October. Unserved demand or backlog has to be carried over in the next month. Required: 1. Prepare the aggregate plan 2. Make three|[3} recommendations to reduce oolst. Make your assumptions