Golden Eagle Machine Works has the following demand requirements and other data for the upcoming four quarters

Quarter Demand Previous quarter's output 2500 units
1 2300 Beginning inventory 200 units
2 2400 Stockout (backorder) cost $50 per unit
3 2600 Inventory holding cost $10 per unit at end of quarter
4 2100 Hiring workers $4 per unit
Laying off workers $8 per unit
Unit cost $30 per unit

What is the total cost of pursuing a chase aggregate plan over the coming year?

For a chase strategy, quarterly production should be Q1: 2100; Q2: 2400; Q3: 2600;
and Q4: 2100. Costs associated with this plan are:

Cost element Detail Extension
Layoffs Reductions are 400 units in Q1 and 500 units in Q4. Costs are 900 × $8 $7,200

Hiring Increases are 300 units in Q2 and 200 units in Q3. Costs are 500 × $4 $2,000
Unit cost $30 × 9,200 $276,000
TOTAL $285,200.00