Use This Information to Answer the Following Questions

question 24

Multiple Choice

Use this information to answer the following questions.
Consider the following Activity-On-Node (AON) PERT project.The three values that represent each activity's completion time (in days) correspond to an optimistic time,most likely time,and pessimistic time,respectively.

-Refer to the figure.What is the probability of not completing the project within 18 days?

• A)0.0668
• B)0.4332
• C)0.9332
• D)0.4878
• E)0.0122

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Definitions:

Variable Overhead

Costs of indirect production activities that fluctuate with the level of production output, such as electricity for machinery or materials handling costs.

Direct Materials

Direct materials are raw materials that are directly used in the manufacturing process of a product and can be easily traced to the product itself.

Direct Labor-Hours

A measure of the total amount of time worked by employees directly involved in manufacturing a product or delivering a service.

Variable Overhead

Costs of production that vary with the level of output, such as utility expenses or raw material costs.