The Following Table of Probabilistic Time Estimates (In Weeks) and Activity

question 91

Multiple Choice

The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for a project. Table 9.3

-Using Table 9.3, the expected time to complete the project is

• A) 34.17 weeks.
• B) 33.23 weeks.
• C) 31.00 weeks.
• D) 21.67 weeks.

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Definitions:

Manufacturing Overhead

All indirect costs associated with the production process, such as salaries of supervisors and maintenance costs.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost accounting practices.

Direct Labor-Hours

The combined hours worked by staff directly partaking in the manufacturing activities.

Standard Hours Allowed

The amount of work hours allocated for the completion of a specific task, based on standard performance.