Which of the Following Statements Accurately Describes the Following Gantt

question 13

Multiple Choice

Which of the following statements accurately describes the following Gantt chart?

• A)Activity I cannot begin until Activities C and E are complete
• B)Activity E cannot begin until Activities B and D are complete
• C)The longest task will take 5 weeks
• D)The project can be done in less than 10 weeks
• E)Activity E is not needed in the Gantt chart

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Definitions:

Materials Quantity Variance

A measure of the difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit.

Materials Price Variance

The deviation from the standard to the real price of materials, calculated by multiplying this difference by the amount of materials bought.

Variable Overhead

Overhead costs that vary directly with the level of production or activity, such as electricity or material handling costs.

Direct Material

Raw materials that can be directly traced to the production of a specific product and are a significant component of its cost.