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Activity C is directly preceded by two activities,activity A and activity B.Activity A has an expected time of five and early start time of six.Activity B has an expected time of seven and an early start time of seven.Activity C has an expected time of ten.What is the early start for activity C?
Activity A,early finish is 6 + 5 = 11.
Activity B,early finish is 7 + 7 = 14.
The early start for Activity 7 is the larger of the two early finish times; so the time is 14.
Work in Process
Work in process (WIP) is inventory that includes goods that are in various stages of the production process, partially completed but not yet ready for sale.
Labeling Department
A specific section within a production or manufacturing process focused on the application of labels to products.
Weighted Average Method
An inventory costing method that averages out the cost of goods available for sale, weighting the cost based on quantities.
Equivalent Units
Equivalent units are a concept in cost accounting used to represent the amount of work done on incomplete units, expressed in terms of fully completed units.
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