Four Projects Must Be Completed,and Each of Four Employees Will

question 47

Essay

Four projects must be completed,and each of four employees will be assigned to work on exactly one of the four projects.The table below presents an estimate of the cost that each employee would incur if working on the respective projects.What is the minimum-cost assignment of workers to projects?

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Definitions:

Unearned Rent Revenue

Liability account that reflects payments received for rent before the rental period has occurred; it is recognized as revenue over time as the service is provided.

Rent Expense

The cost incurred by a business to utilize property as an office, manufacturing space, storage, or retail location.

Prepaid Rent Expense

An asset account that shows the amount of rent paid in advance, which has not yet been consumed or used.

Freight-In

The cost associated with transporting goods into a facility, usually included in the inventory cost of the goods purchased.