Newark liberty airport is a very busy airport. Continental airlines is one of the largest carriers at the airport. Their on-time rate is not bad but predicated on the weather. On a specific day the weather forecast is predicting snow conditions with probability of 25%, rain condition with 35% probability and cloudy but no precipitation with a 40% probability. If it snows there is an 83% probability the flight will be late, 75 % probability the flight is late if it rains and a 40% probability it is late under cloudy but no precipitation conditions. It is a rainy day, what is the probability the continental flight is late ?

21%
33%
41%
63%

Atoy manufacturer makes its own wind-up motors, which are then put into its toys. while the toy manufacturing process is continuous, the motors are intermittent flow. data on the manufacture of the motors appears below. annual demand (d) = 50,000 units daily subassembly production rate = 1,000setup cost (s) = $85 per batch daily subassembly usage rate = 200carrying cost = $.20 per unit per year(a) to minimize cost, how large should each batch of subassemblies be? (b) approximately how many days are required to produce a batch? (c) how long is a complete cycle? (d) what is the average inventory for this problem? (e) what is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

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