A Project Consists of the Following Four Activities with Activity

question 6

Multiple Choice

A project consists of the following four activities with activity times in days:
Table YY
-Using Table YY,the earliest finish (EF) time for activity C is

• A)4 days.
• B)6 days.
• C)10 days.
• D)11 days.

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Definitions:

High-low Method

A technique used in managerial accounting to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and the associated costs.

Variable Cost

A cost that varies directly with the level of production or volume, such as materials and labor directly involved in the production process.

Least-squares Method

A statistical technique used to determine the line of best fit by minimizing the sum of the squares of the differences between observed and estimated values.

High-low Method

A technique used in cost accounting to determine the variable and fixed components of a cost by analyzing the highest and lowest levels of activity.