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Reviewing the PERT Network below: If it takes 1, 2, or 3 weeks for each activity (represented by a box) to be completed, the critical path is represented by:
August
The Gregorian calendar's eighth month.
Weighted-Average Method
A costing method that calculates the cost per unit by dividing the total cost by the total number of units produced, treating all units as equal regardless of when they were actually manufactured.
Assembly Department
A division in a manufacturing plant where components are joined together to form a finished product.
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, adjusting for the portion of those goods that is complete.
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