1. Total Quality Management (TQM) emerged in response to Japanese auto manufacturers surpassing American manufacturers in both quality and design

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?

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