Use the Project Described in the Table to Determine the Total

question 97

Multiple Choice

Use the project described in the table to determine the total resources required for this project if a worker is expected to devote half-time (four hours per day) to this project. $$\begin{array} { | l | l | l |} \hline \text { Activity } & \text { Duration } & \text { Predecessor } \\\hline \text { A } & 5 \text { days } & - \\\hline B & 4 \text { days } & \text { A } \\\hline C & 5 \text { days } & \text { A } \\\hline \mathrm { D } & 6 \text { days } & B \\\hline E & 6 \text { days } & C , D \\\hline F & 6 \text { days } &\mathrm { E } \\ \hline\end{array}$$

• A)36 hours
• B)40 hours
• C)64 hours
• D)128 hours

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Definitions:

Consignee

The individual or entity to whom goods are shipped to be sold on behalf of the owner, retaining no legal ownership until sales occur.

Expense Recognition Principle

An accounting principle that dictates that expenses should be recognized in the period in which they are incurred to generate revenues, matching expenses against revenues in the period in which the revenue was earned.

Specific Identification

A method of inventory valuation that identifies and assigns cost to individual inventory items, suitable for unique or expensive products.

Lowest Cost of Goods Sold

The minimum expenses incurred in the direct creation of goods available for sale, often achieved through efficient production techniques or cost-cutting measures.