The Owner/operator of the Local Franchise of Handyman, Inc If He Uses the Earliest Due Date First Priority Rule

question 61

Multiple Choice

The owner/operator of the local franchise of Handyman, Inc., has four jobs to do today, shown in the order they were received: $$\begin{array} { l c c } \text { Job } & \text { Processing } & \text { Due } \\\text { Time (hrs) } & \text { (hrs from now) } \\\hline \mathrm { W } & 4 & 4 \\\mathrm { X } & 3 & 5 \\\mathrm { Y } & 2 & 2 \\\mathrm { Z } & 1 & 1\end{array}$$ If he uses the earliest due date first priority rule to schedule these jobs, what will be the average job tardiness?

• A) 0 hours
• B) 1.5 hours
• C) 1.75 hours
• D) 2 hours
• E) 2.25 hours

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Definitions:

Provision

A liability of uncertain timing or amount.

IFRIC 1

relates to the International Financial Reporting Interpretations Committee's guidance on the treatment of changes in decommissioning, restoration, and similar liabilities, affecting how entities account for such changes.

AASB 137

An Australian accounting standard that deals with the accounting and reporting of provisions, contingent liabilities, and contingent assets.

Provision for Removal

An amount set aside or reserved in the accounts to cover the future cost of dismantling an asset and restoring the site, typically related to property, plant, and equipment.