When Activity Times Are Uncertain,total Project Time Is Normally Distributed

question 14

True/False

When activity times are uncertain,total project time is normally distributed by considering the overall mean being equal to the sum of the means of all of the critical activities.

---

Definitions:

Overapplied

Refers to a situation where the allocated costs exceed the actual costs incurred, often seen in manufacturing and budgeting.

Manufacturing Overhead

All indirect factory-related costs associated with the production of a product, including costs related to indirect materials, indirect labor, and other overhead expenses.

Work in Process

Inventory representing partially completed goods that are still in the production process.

Underapplied

A situation where the allocated manufacturing overhead cost is less than the actual overhead costs incurred.