Business, 06.07.2019 02:10 rebeccamckellpidge
Given the following information for a one-year project, answer the following questions. recall that pv is the planned value. ev is the earned value, ac is the actual cost, and bac is the budget at completion. pv = $23,000ev = $20,000ac = $25,000bac = $120,000a. what is the cost variance, schedule variance, cost performance index (cpi), and schedule performance index (spi) for the project? cost variance is calculated as ev-ac and indicates the difference between the budgeted cost and the actual cost of completed work. cost variance = ev-ac = $20,000 – $25,000 = - $ 5,000schedule variance is calculated as ev-pv and indicates the degree to which the value of completed work differs from that planned. schedule variance = ev-pv = $20,000 - $23,000 = -$ 3,000cost performance index (cpi) = ev/ac = 20,000/25,000 = 0.8 or 80%schedule performance index = ev/pv = 20,000 / 23,000 = 0.87 or 87%b. how is the project doing? is it ahead or schedule or behind schedule? is it under budget or over budget? the project is not doing well. because the cost variance and schedule variance are negative. a negative schedule variance means the project is behind schedule and a negative cost variance means the project is over cost. c. use the cpi to calculate the estimate at completion (eac) for this project. is the project performing better or worse than planned? eac = bac/cpi = $ 120,000/.8 = $ 150,000the project is performing worse than planned because the new estimate is $150,000 which is $30,000 more than initial estimate. d. use the schedule performance index (spi) to estimate how long it will take to finish this project. estimated time to complete = time estimate / spi = 12 months / .87 = 13.8the project is projected to take 13.8 months to complete so it is estimated that it will take 1.8 months more than planned. e. sketch the earned value chart based for this project (this is what i need )
Answers: 3
Business, 22.06.2019 11:30
Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600
Answers: 3
Business, 22.06.2019 12:00
Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund
Answers: 1
Given the following information for a one-year project, answer the following questions. recall that...
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