(Solved): (b) Modern Furniture Ltd has forecasted the sales of its tables for the 12 months of 2021. The data ...

(b) Modern Furniture Ltd has forecasted the sales of its tables for the 12 months of 2021. The data are indicated in the table below. The organization currently employs 50 employees. For planning purposes, each employee is capable of making 200 units a month. The cost of hiring an additional employee is Rs 11000 per employee and the cost of making an employee redundant is Rs 3000 . A storage charge of Rs 400 per unit is made for inventory on hand at the end of each month, for warehousing purpose. (Ignore the salary paid to the workers) (i) Develop a production schedule using a level production strategy. (10 marks) (ii) Calculate the cost for implementing this production schedule. (5 marks)