A Company Must Perform a Maintenance Project Consisting of Seven

question 67

Multiple Choice

A company must perform a maintenance project consisting of seven activities.The activities,their predecessors and their respective time estimates are presented below: $\begin{array}{|l|l|l|l|}\hline & & \text { Immediate } & \\\hline \text { Activity } & \text { Designation } & \text { Predecessor } & \text { Time in Days } \\\hline \text { Break down both machines } & \text { A } & \text { None } & 3 \\\hline \text { Clean machine 1 } & \text { B } & \text { A } & 3 \\\hline \text { Clean machine 2 } & \text { C } & \text { A } & 3 \\\hline \text { Re-set machine 1 } & \text { D } & \text { B } & 1 \\\hline \text { Re-set machine 2 } & \text { E } & \text { C } & 2 \\\hline \text { Re-calibrate both machines } & \text { F } & \text { D and E } & 1 \\\hline \text { Final test } & \text { G } & \text { F } & 2 \\\hline\end{array}$
Using the Single Time Estimate CPM procedure,what is the Latest Finish Time for the last activity in this project (i.e. ,the total time to complete the project) ?

• A)9 days
• B)10 days
• C)11 days
• D)12 days
• E)13 days

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Definitions:

Standard Price

The predetermined cost of acquiring goods and services, often used in budgeting and cost control.

Direct Materials

Raw materials that can be directly traced to the production of a specific product, a component of the total manufacturing cost.

Variances

Differences between planned or expected financial outcomes and the actual results.

Standard Direct Materials

The budgeted cost for direct materials which are the raw materials that can be directly attributed to the production of goods, used for budgeting and performance evaluation.