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hammer [34]
3 years ago
15

Mary reports that, on a productive week, she can develop the system requirements in four days, but during a normal week it shoul

d take around eight days. during the time frame that mary will be working on the requirements, things will be very hectic and this could cause the requirements to take as much as twelve days. what is the expected duration for gathering system requirements using three-point method
Business
1 answer:
xeze [42]3 years ago
7 0

Answer: The expected duration for gathering system requirements using three-point method is 8 days.

We obtain the same answer when we use the Simple Average method and the PERT method.

We follow these steps while arriving at the answer.

We have the following information from the question:  

Optimistic Value (O) -  4 days (best estimate of time taken to complete the task)

Most Likely Value (M) – 8 days (realistic estimate of time taken to complete the task)

Pessimistic Value (P) – 12 days (worst estimate of time taken to complete the task)

There are two formulas we can use to determine the expected duration by using the three-point estimation method.

  1. <u>Simple Average method:</u> We use the following formula under this method.

         E_{SA} = \frac{O+P+M}{3}

         E_{SA} = \frac{4+12+8}{3}

         E_{SA}  = 8 days  (\frac{24}{3} )

       2. <u>PERT method</u>. The formula for this is:

          E_{PERT} = \frac{O+P+4M}{6}  

          E_{PERT} = \frac{4+12+(4*8)}{6}  

          E_{PERT} = \frac{48}{6}

           E{PERT} = 8 days

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A company uses the weighted-average method for inventory costing. At the end of the period, 21,000 units were in the ending Work
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Answer:

$84,945.

Explanation:

cost to be assigned to the ending Work in Process inventory

= (21000×2.56)100% + (21000×2.25)66%

= $84,945

Therefore, The cost that would be assigned to the ending Work in Process inventory for the period is $84,945.

7 0
3 years ago
Eve's apples opened its business on january 1, 2018, and paid for two insurance policies effective that date. The liability poli
Effectus [21]

Answer:

Balance in Prepaid insurance as of December 31 is $18,750

Explanation:

<em>       </em>Computation of Prepaid Insurance

Insurance 1    ($34,200 * 6/18)       $11,400

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Total Prepaid Insurance               <u>$18,750</u>

8 0
3 years ago
What is one way that financial institutions benefit the economy?
olga_2 [115]

Answer:

By providing loans so people can open businesses

Explanation:

Financial institutions act as intermediaries between the source and users of credit.  By accepting deposits from the general public, financial institutions pool together resources that firms and individuals can borrow to start or expand their business.

Financial institutions include commercial banks, saving and credit unions, among others. They offer credit services to clients from the customers' deposits. The loans help individuals and firms start and grow their business, which leads to growth in the entire economy.

4 0
4 years ago
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Gusler Corporation makes one product and has provided the following information: Budgeted sales, May 9,500 units Raw materials r
Troyanec [42]

Answer:

COGS= $807,500

Explanation:

<u>First, we need to calculate the unitary cost for direct material, direct labor, and manufacturing overhead:</u>

direct material= 2*2= $4

direct labor=2.7*20= $54

overhead= 2.7*10= $27

Total unitary cost= $85

<u>Now, the cost of goods sold:</u>

COGS= 85*9,500= $807,500

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3 years ago
Select the false statement from the following.
lesantik [10]

Answer: Option C.

General,selling and administrative cost cannot be assigned to a cost object.

Explanation:

General, selling and adminstrative cost is the total of both direct and indirect selling cost, administrative cost and all general cost of the organisation. This cost include all the non production cost that they company incured at a specific time bond i.e cost to sell, cost to deliver product and services, rent, cost to manage the company, marketing expenses, salaries, accounting, bonuses e.t.c.

It is not assigned to a cost object because it is general ,cost of selling, and administrative cost.

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3 years ago
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