The following table represents the forecast workforce levels for 6 months in widgets manufacturing factory. Month 2 3 4 5 6Total Forecast 20 21 18 112 The factory is planning to schedule the required workforce level for the given next six months, however, the cost components make the panning more challenging. They have decided to employ either a month- by-month hire-layoff policy (chase) or a constant workforce level (level strategy). The estimated costs are as follows: 15 13 25 cost ($\/period/worker Cost component: Workers-utilized cost Undertime cost Overtime cost Hire cost Layoff cost 2000 1000 3000 1000 500 Currently they have 10 workers and there are no limits on over/undertime number of workers. 1. Present a table that shows the following for all periods for the chase strategy (show the total costs) Inputs Forecasted demand Workforce level Undertime Overtime Derived Utilized time Hires Layoffs Calculated Utilized time cost Undertime cost Overtime cost Hiring cost Layoff cost