Chapter 8, Problem 3PE

Marcela Valladolid needs to assign resources to a task on a new high-tech development project at Jonathon's Pool Supplies. According to her estimates, the task's work content (in hours) is 408. Marcela needs help in determining an appropriate number of resources to allocate to the task. Marcela read somewhere that, when it comes to project staffing, more is not always better. Assuming that the direct labor rate per hour is $93, the indirect and over head rate per unit time is $73.62, assigned resources are dedicated to the task full time, and that 0.02 hours of communication per coordination are required per link per hour worked, help Marcela by determining the following: What is the minimum total cost: What resource allocation minimizes the total cost:    What is the minimum duration: What is the duration minimizing number of resources:  If Marcela assigns 12 FTEs to the task, the task metrics would be: Total Cost: Total Duration:    Note: enter durations to 1 decimal place and costs…

1 point) Market Fresh Foods is looking to develop a new strategic plan. Guillermo Santiago has been developing a project plan and has identified the following tasks, precedence relations, normal task durations, and resource requirements.   Guillermo has studied project management at the University of Portland and knows that the makespan of the project may be determined from the information in the table using the critical path method. Guillermo also learned a simple heuristic for evaluating resource sufficiency. Help Guillermo by answering the following related assuming 3 workers per week and a due date of 302.8: Project Work Content: Total Resource Capacity: Minimum due date for which 3 resources is sufficient: Minimum resource level that could make due date of 302.8 feasible:

Please help me solve this financial accounting question using the right financial principles.