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Manager Chris Channing of Fabric Mills, Inc., has developed the forecast shown in the table for bolts of cloth. The figures are in hundreds of bolts. The department has a regular output capacity of 195(00) bolts per month, except for the seventh month, when capacity will be 210(00) bolts. Regular output has a cost of $9 per hundred bolts. Workers can be assigned to other jobs if production is less than regular. The beginning inventory is zero bolts. Month 2 Total Forecast 200 189 210 194 212 195 215 1,415 a. Develop a chose plan that matches the forecast and compute the total cost of your plan. Overtime is $19 per hundred bolts. Regular production can be less than regular capacity (Negative amounts should be indicated by a minus sign. Leave no cells blank.be certain to enter "0" wherever required.) 2 7 Period 6 Total 200 189 210 194 212 195 215 1,415 Forecast Output Regular Overtime Output - Forecast Cost Regular Overtime Total b. Would the total cost be less with full regular production each period with no overtime, but using a subcontractor to handle the excess above regular capacity at a cost of $23 per hundred bolts? Backlogs are not allowed. The Inventory carrying cost is $2 per hundred bolts. (Round your Average Inventory values to 1 decimal place. Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required.) Period 2 3 4 6 7 Total 200 189 210 194 212 195 215 1,415 Forecast Output Regular Subcontracting Inventory Beginning Ending Average Cost Regular Subcontracting Inventory Total

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