The firm has a normal production rate of 90,000 liters per month, and the initial inventory is 120,000 liters. Inventory-holding costs are $23 per 1,000 liters per month, and regular-time production costs are $400 per 1,000 ilters. Overtime costs an additional 20 percent, and undertime costs an additional 12 percent. Assume that there are no lost sales or rate change costs. Compute the costs of level and chase demand production plans. Round all cost values to the nearest cent and all other answers to the nearest whole number. Do not round intermediate calculations. If your answer is zero, enter " 0 ". Rate Change Cost Total cost: $ Chase demand production plan: Chase demand oroduction plan: Undertime Rate Change Total cost: $ The firm has a normal production rate of 90,000 liters per month, and the initial inventory is 120,000 liters. Inventory-holding costs are $23 per 1,000 liters per month, and regular-time production costs are $400 per 1,000 ilters. Overtime costs an additional 20 percent, and undertime costs an additional 12 percent. Assume that there are no lost sales or rate change costs. Compute the costs of level and chase demand production plans. Round all cost values to the nearest cent and all other answers to the nearest whole number. Do not round intermediate calculations. If your answer is zero, enter " 0 ". Rate Change Cost Total cost: $ Chase demand production plan: Chase demand oroduction plan: Undertime Rate Change Total cost: $