Structure Sales and Operation Plan for the toy company and suggest what production strategy Toy Factory should follow. The accounting department has supplied you department has provided a three quarter forecast. The information is provided in Tables 1 and 2 Table 1: Monthly demand at toy factory Quarter Demand Forecast (units) 1 1,500 2 1,200 3 1,300 4 2.000 Total Demand 6,000 Average demand (per quarter) 1,500 Table 2: Toy Factory Products Planning Data Current workforce 20 workers Average output per worker 100 units per quarter Inventory carrying (or holding) cost $5 per unit per quarter Cost to produce one unit $8 per unit Hiring cost $80 per worker Subcontracting cost $10 Firing (or layoff cost $90 per worker Beginning inventory O units Table 1: Monthly demand at toy factory Quarter Demand Forecast (units) 1 1,500 2 1.200 3 1,300 4 2,000 Total Demand 6.000 Average demand (per quarter) 1,500 Table 2: Toy Factory Products Planning Data Current workforce 20 workers Average output per worker 100 units per quarter Inventory carrying (or holding) cost $5 per unit per quarter Cost to produce one unit $8 per unit Hiring cost $80 per worker Subcontracting cost $10 Firing (or layoff cost $90 per worker Beginning inventory O units A. Copy Table 3 using "Ctir+C" and paste it into the answer field using "Cuir+V". Calculate values to support CHASE production plan using adjustment of workforce Ending inventory target at the end of the period is zero units. Table 3: CHASE production plan: Adjust using workforce Beginning inventory = 0 Beginning workers = 20 workers Quarter Demand Regular Ending Subcontracting Workers Hire Fire! production Inventory required Layoff 1 2 1,200 3 1,300 4 2,000 Total 6,000 and naste it into the answer field using "Ctir+V". Calculate values to support LEVEL production plan and write calculated values into 1,500 B. Copy Table 3 using "Ctr+C" and paste it into the answer field using "Ctir+V". Calculate values to support LEVEL production plan and wr Ending inventory has to be 0 units in period 4. Table 4: LEVEL production plan Beginning inventory = 0 Beginning workers = 20 workers Quarter Demand Regular Ending Subcontracting Workers Hire Fire/ production Inventory required Layoff 1 1,500 2 1,200 3 1,300 4 2,000 Total 6,000 C. Use the information in Tables 1, 2 & 3, to determine the Total Costs for the toy company if the CHASE production plan is used D. Use the information in Tables 1, 2 & 4, to determine the Total Costs for the toy company if the LEVEL production plan is used. E. Analyse which production strategy, LEVEL or CHASE, should toy company follow? Justify your answer. For the toolbar, press ALT+F19 Par Al TAEN 10