The Following Table of Probabilistic Time Estimates (In Weeks)and Activity

question 20

Multiple Choice

The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for a project.
Table ZZ
-Using Table ZZ,the variance for activity E is

• A)1.291 weeks
• B)1.667 weeks.
• C)2.582 weeks.
• D)2.778 weeks.

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Definitions:

Direct Labor-Hour

A measurement of labor input that represents the amount of time spent by workers directly involved in the production process.

Overapplied Overhead

A situation where the overhead allocated to products exceeds the actual overhead costs incurred, leading to a need for adjustment in cost accounting.

Overapplied Manufacturing Overhead

This occurs when the allocated manufacturing overhead costs are more than the actual overhead costs incurred during a period.

Work in Process Inventory

Goods that are in the process of being manufactured but are not yet complete.