Homework Answers
| Month | Forecast | Regular production | Inventory | Overtime production | Backlog |
| May | 701 | 400 | 0 | 301 | 0 |
| June | 627 | 400 | 0 | 227 | 0 |
| July | 550 | 400 | 0 | 150 | 0 |
| August | 434 | 400 | 0 | 34 | 0 |
| Total | 1600 | 0 | 712 | 0 |
Total cost = regular production cost + inventory cost + overtime production cost + backlog cost
= 1600*16.67+0+712*1.5*16.67+0 = 44475.56
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