The ____ at a Level of a High Degree of Confidence

question 35

Multiple Choice

The ____ at a level of a high degree of confidence that all the activities that need to be performed to produce the deliverable can be defined, the types and quantities of resources can be determined, and the associated activity durations and costs can be reasonably estimated.

• A) project scope is
• B) resources assigned are
• C) work packages are
• D) applicable technical standards are

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Definitions:

Departmental Overhead Rates

The method for allocating overhead costs to specific departments based on departmental activities and cost drivers.

Activity-based Costing

A costing method that identifies the activities that a firm performs and then assigns indirect costs to products based on each product's use of those activities.

Activity Cost Pools

Groupings of individual costs related to a particular activity, used in activity-based costing to allocate costs more accurately.

Direct Labor-hours

The overall hours that workers, who are a part of the manufacturing operations, put in.