-Use the Gantt Chart and Activity List to Determine Which

question 93

Multiple Choice

-Use the Gantt chart and activity list to determine which resource is released from this project for use in another project the earliest. $$\begin{array} { | l | l | l | l | } \hline \text { Activity } & \text { Resources } & \text { Activity } & \text { Resources } \\\hline \mathrm { R } & 3,5 & \mathrm { M } & 1,2 \\\hline \mathrm { H } & 1 & \mathrm {~K} & 4 \\\hline\mathrm { G } & 2,5 & \mathrm {~J} & 3 \\\hline \mathrm { F } & 4,1 & \mathrm { P } & 1 \\\hline\mathrm {B } & 2 &\mathrm {S } & 3,4 \\\hline \mathrm { T } & 2 & \mathrm { W } & 3 \\\hline\end{array}$$

• A)Resource 2
• B)Resource 4
• C)Resource 1
• D)Resource 3

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Definitions:

Percentage of Completion

A method of accounting for long-term contracts in which income is recognized as a proportion of work completed at certain stages.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units they represent.

Conversion Costs

Costs incurred by a company in the process of converting raw materials into finished goods, typically including labor and overhead.

Transferred Units

Refers to items or inventory that have been moved from one location, department, or stage of processing to another within a company.