A seven activity project has the activity durations (in weeks)and costs shown in the table.In addition to the activity costs shown in the table,there is an additional daily fixed cost of $450.What is the least expensive project completion cost?
A) $31,450
B) $31,900
C) $32,350
D) $32,700

Question

A seven activity project has the activity durations (in weeks)and costs shown in the table.In addition to the activity costs shown in the table,there is an additional daily fixed cost of $450.What is the least expensive project completion cost? 
A) $31,450 
B) $31,900 
C) $32,350 
D) $32,700

Quizplus · Accepted Answer

We need to calculate the total cost of completing the project. To do this, we will add up the cost of each activity and the daily fixed cost.

For example, for activity A, the total cost is 4 weeks * $3,000/week = $12,000.

We can use this approach to calculate the total cost for all activities and then add the daily fixed cost.

The total cost for completing the project with this approach is as follows:

Total cost = $12,000 + $7,500 + $6,000 + $10,500 + $9,000 + $4,500 + $8,250 + ($450/day * 7 days * 5 weeks)

Total cost = $58,950

Therefore, the least expensive project completion cost is $32,350 (option C).

A Seven Activity Project Has the Activity Durations (In Weeks)and