Question One University Press publishes textbooks for the academic market. The printing operations is semi-automated requiring only two people to turn on and off the machines, regardless of the...

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Extracted text: Question One University Press publishes textbooks for the academic market. The printing operations is semi-automated requiring only two people to turn on and off the machines, regardless of the output. The workforce is paid per unit produced. Demand for the four quarters is 5,000, 10,000. 30,000, and 25,000 books respectively. The relevant cost and printing equipment- related capacity information are given below. Regular production cost = $20 per book Regular production max, capacity = 10,000 books per quarter Overtime production cost = $30 per book Overtime production max. capacity = 5000 books per quarter Subcontracting cost = $35 per book Beginning inventory =0 Quarterly Holding cost = $2 per book Required: a) Prepare an aggregate production plan using a pure level approach with average demand. What is the total cost of the initial plan? b) Prepare an aggregate production plan using a pure chase approach. For this question, ignore workforce-related costs since the cost information is not provided. What is the total cost of the plan? Page 1 of 4 c) Based on parts a) and b), develop an improved aggregate production plan in terms of the total cost. The plan may deviate from a pure level or a pure chase approach. Assume that no other information or objective will be considered. Provide the total cost of the improved plan and explain briefly how you came up with your improved plan.