A Gentleman Farmer Maniacally Works on Academic Projects to Raise

question 40

Multiple Choice

A gentleman farmer maniacally works on academic projects to raise funds for his true passion,farming.He has identified seven tasks and developed three time estimates (all in days) of the next big project on the farm,replacing the fence at the comedy pasture.Tasks,precedence requirements,and time estimates are shown in the table.What is the expected completion time of the project? $$\begin{array} { | l | l | l | l | l | } \hline \text { Activity } & \begin{array} { l } \text { Optimistic }\end{array} & \begin{array} { l } \text { Most Likely }\end{array} & \begin{array} { l } \text { Pessimistic }\end{array} & \\\hline \text { time } & \text { time } & \text { time } & \text { Predecessor } \\\hline \text { Sorner Posts } & 4 & 5 & 6 & - \\\hline \text { Dig Holes } & 10 & 12 & 14 & \text { Corner Posts } \\\hline \text { Plant Posts } & 11 & 14 & 17 & \text { String Line } \\\hline \text { Weld Top Bar } & 8 & 11 & 14 & \text { String Line } \\\hline & & & & \text { Dig Holes, Plant } \\\hline \text { Paint } & 9 & 11 & 13 & \text { Posts } \\\hline \text { Tack Wire } & 9 & 12 & 16 & \text { Weld Top Bar } \\\hline\end{array}$$

• A) 32 days
• B) 33 days
• C) 34 days
• D) 35 days

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Definitions:

Assembly Department

The section of a manufacturing plant where components are put together to form a finished product.

Conversion Costs

Costs related to turning raw materials into finished goods, typically including direct labor and manufacturing overhead.

Weighted-Average Method

A method of inventory costing or process costing that averages the costs of all goods available for sale or production, assigning an average cost to each unit.

Process Costing System

An accounting system used to track and allocate costs of production to individual units of output in industries where production is continuous and similar items are produced.