Below Are the Data for a Time-Cost CPM Scheduling Analysis

question 54

Multiple Choice

Below are the data for a Time-Cost CPM Scheduling analysis. The time is in days and the costs include both direct and indirect costs. If you crash this project to reduce the total time by four days, what is the total time of the project and total cost?

• A) Total time is 10 days, total cost is $2,500
• B) Total time is 9 days, total cost is $2,300
• C) Total time is 8 days, total cost is $2,750
• D) Total time is 8 days, total cost is $14,800
• E) Total time is 9 days, total cost is $2350

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Definitions:

Plant Assets

Long-term tangible assets that are used in the production of goods or services and are not intended for sale.

Depreciated

A measure of the reduction in the value of an asset over time, often used for accounting and tax purposes.

Unearned Revenue

Money received by a company for a service or product that has yet to be provided or delivered.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.