A Senior MIS Design Class Project Team Has Developed the Following

question 30

Essay

A senior MIS design class project team has developed the following schedule of activities for their project,using their best estimate of completion times.Both written and oral reports are required.Draw the project network.Can they complete the project in the 38 class days remaining until the end of the semester?

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Definitions:

Overapplied

A situation where the allocated manufacturing overhead cost exceeds the actual manufacturing overhead costs incurred, resulting in an apparent surplus.

Underapplied

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

Predetermined Overhead Rate

An estimated charge per unit of activity used to allocate manufacturing overhead costs to products, calculated before the accounting period begins based on expected costs and activity levels.

Total Costs Added

The total amount of direct materials, direct labor, and overhead costs incurred during a specific period for the goods produced.