Here Are the Data for a Time-Cost CPM Scheduling Model

question 92

Multiple Choice

Here are the data for a time-cost CPM scheduling model analysis. The time is in days and the costs include both direct and indirect costs. What are the total time of this project and total normal cost?

• A) Total time is 13 days, total cost is $1,200.
• B) Total time is 12 days, total cost is $1,700.
• C) Total time is 11 days, total cost is $1,600.
• D) Total time is 10 days, total cost is $1,750.
• E) Total time is 9 days, total cost is $1,700.

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Definitions:

Direct Labour Hours

The hours worked by employees directly involved in the manufacturing process, used to allocate labor costs to products.

Hotel Industry

A segment of the hospitality sector that focuses on providing lodging facilities and other related services to travelers and guests.

Activity-Based Costing (ABC)

A method of allocating overhead and indirect costs based on the activities that drive these costs, with the aim of providing more accurate product costing.

Common Costs

Expenses incurred in the production of multiple products or delivery of multiple services that cannot be directly attributed to any individual product or service.