The seven-month demand for product X is as follows: 500; 6,000; 2,000; 1,500; 4,000; 5,500; and 6,500. You planned to use a level production rate of 4,000 unit per month. a. Compute the cost of the...

The seven-month demand for product X is as follows: 500; 6,000; 2,000; 1,500; 4,000; 5,500; and 6,500. You planned to use a level production rate of 4,000 unit per month.

a. Compute the cost of the production plan above using the following information: material=P30.00; labor=P9.60; overtime= P14.40; hiring=P500.00; firing=P750; and holding=P5.00/unit.