Fred Ridgeway has been given the responsibility of managing a training and development program. He knows the earliest start time, the latest start time, and the total cost for each activity. This information is given in the following table:

(a) Using earliest start times, determine Fred’s total monthly budget.

(b) Using latest start times, determine Fred’s total monthly budget.

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TOTAL COST ACTIVITY ES LS t ($1,000s) A 0 0 6 10 B 1 4 2 14 C 3 3 7 D 4 9 3 9456 E 61248 FGHI 6 10 14 15 11 13 18 2 4 14 11 6 21 6 J 18 19 4 K 22 L 22 22 22 14 23 8 8206 18 12 10 16 M 18 24 6 18