##########i want answer within one hour, i will upvote. Thanks in advance 16.4. A simple network consisting of four activities has the following network diagram:The cost/time relationships for the activities are shown in the table below:ActivityA(BUDсMinimumTime, Weeks550110MaximumTime, Weeks1010End3015Cost/TimeRelationship ($1,000)100-(3x activity time)100 - (2 x activity time)100 - (2 x activity time)100 - (5 x activity time)For example, if completed in 5 weeks, activity A would require $85,000, and if com-pleted in 10 weeks, it would require $70,000.a. What is the minimum cost of completing this project in 20 weeks?b. If the desired completion date is 33 weeks and the profit markup is 20 percentabove cost, what should be the bid price for this project?

Project costing refers to the process of estimating and tracking the expenses associated with a…

For example, if completed in 5 weeks, activity A would require $85,000, and if com- pleted in 10 weeks, it would require $70,000. a. What is the minimum cost of completing this project in 20 weeks? b. If the desired completion date is 33 weeks and the profit markup is 20 percent above cost, what should be the bid price for this project?

For example, if completed in 5 weeks, activity A would require $85,000, and if com- pleted in 10 weeks, it would require $70,000. a. What is the minimum cost of completing this project in 20 weeks? b. If the desired completion date is 33 weeks and the profit markup is 20 percent above cost, what should be the bid price for this project?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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