Mick has a project consisting of eight activities (listed in the table with durations and precedence requirements)to complete.He assigned his intern Guinness to sketch a network diagram in AOA and Guinness produced the sketch shown below.Discuss any issues with the apprentice's diagram.
Definitions:
Cash Account
An account that tracks the flow of cash transactions, including all receipts and payments of cash.
Standard Cost Variances
Differences between the planned (standard) costs and the actual costs incurred.
Cost of Goods Sold
The cost of goods sold (COGS) is the direct cost attributable to the production of goods sold by a company, including the cost of materials and labor.
Standard Cost System
An accounting system that uses estimated costs for material, labor, and overhead to assess performance and control costs.
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