Total regular time labor cost is

05/157l53 Planners for a company that makes several models of skateboards are getting ready to prepare the aggregate production plan for the next six months. They have collected the following information based on input from several sources. Forecasted 500 500 400 Demand Cost and other Information Inventory holding cost Back ordering cost Regular time cost $5/unit/month Production rate 400/month with regular time $1] unit/ month They now want to evaluate a plan that calls for a steady rate of regular time output, mainly using inventory to absorb demand but allowing back orders if necessary. Over time and subcontracting are not allowed. (Level Strategy). Use the following Table as a reference to calculate the total cost for this plan. ~18 - L -4|I 3 62F Clear /\\