Workforce planning

Each worker can produce 50 units per month. The cost per worker is $2,300 per month. Hiring costs are $2,000 per employee and termination costs are $3,000 per employee. Inventory carrying cost is $75 per unit per month.

Refer to the follow workforce Chase Strategy and complete the missing fields. (units produced, ending inventory, cost of labor, hiring / layoff cost, inventory carrying cost, cost per period, and total cost)

10
Beginning Inventory	300
Month	Jul	Aug	Sep	Oct	Nov	Dec
Units:
Aggregate Demand	630	520	460	300	450	520
Rounded # of Workers	13	10	9	6	9	10
Units produced
Ending Inventory
Costs:
Cost of labor
Hiring / layoff cost
Inventory carrying cost
Cost per period
Total Costs