Trexoid Inc. makes a popular video game console. Demand varies each month, with highest demand coming in the last quarter of the year. Regular production costs are $130 per unit and inventory carrying cost is $4 per unit per quarter. Overtime production cost is $160 per unit. Assume that the 12 current Trexoid employees can produce a total of 30,000 units per quarter in regular production and can work enough overtime hours to produce the amount required if a chase plan is employed. On the other hand, hiring cost is $5,500 per employee and firing cost is $10,500 per employee. Trexoid currently has zero inventory on hand, and they would like to have zero inventories at the end of the year. Assume hiring and layoff/firing, if necessary, occur at the beginning of the quarter. Forecasted demand is as follows: Quarter 1 20,000 units Quarter 2 20,000 units Quarter 3 50,000 units Quarter 4 70,000 units a. Given the above demand estimate, develop a production plan based on level production. (Leave no cells blank – be certain to enter “0” wherever required.) Level Production Plan Quarter Demand Regular Production Ending Inventory Number of Workers Hire Fire 1 20,000 2 20,000 3 50,000 4 70,000 Total 160,000 b. Determine the cost of the level production plan. Total cost c. Given the planning information, develop a production plan based on chase production. (Leave no cells blank – be certain to enter “0” wherever required.) Chase Production Plan – Overtime with Stable Workforce Quarter Demand Regular Production Overtime Production Ending Inventory Number of Workers 1 20,000 2 20,000 3 50,000 4 70,000 Total 160,000 Chase Production Plan – Changing Workforce Levels Quarter Demand Regular Production Ending Inventory Number of Workers Hire Fire 1 20,000 2 20,000 3 50,000 4 70,000 Total 160,000 d. Determine the cost of the chase production plan. Total cost if overtime production used Total cost if workforce size adjusted