Kindly help Question OneUniversity Press publishes textbooks for the academic market. The printing operations issemi-automated requiring only two people to turn on and off the machines, regardless of theoutput. 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 quarterOvertime production cost = $30 per book Overtime production max. capacity = 5000 books per quarterSubcontracting cost= $35 per book Beginning inventory=0Quarterly Holding cost= $2 per bookRequired:a) Prepare an aggregate production plan using a pure level approach with averagedemand. What is the total cost of the initial plan?b) Prepare an aggregate production plan using a pure chase approach. For thisquestion, ignore workforce-related costs since the cost information is not provided.What is the total cost of the plan?Page 1 of 4c) Based on parts a) and b), develop an improved aggregate production plan in terms ofthe 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 totalcost of the improved plan and explain briefly how you came up with your improvedplan.

Given: The four quarters is 5,000, 10,000, 30,000, and 25,000 books are respectively The relevant…

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.

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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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