Assume we're halfway through a year-long project that has a total budget of 300000 AED. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assume we're halfway through a year-long project that has a total budget of 300000 AED. The amount budgeted through this six-month mark is 205000 AED and a total of 190000 AED spent. Calculate the following: a) Budget at Completion (BAC) Budget at Completion (BAC) = Answer AED b) Planned Value (PV) c) Actual Cost (AC) Planned Value (PV) = Answer AED Actual Cost (AC) = Answer d) Earned Value (EV) Earned Value (EV) = Answer e) Cost Variance (CV) Cost Variance (CV) = Answer 205000 f) Schedule Variance (SV) 102500 Answer PV to date * Rate of performance (RP) 300000*(6/12) or 50% Schedule Variance (SV) = Answer EV-AC 102500 EV-PV g) Schedule Performance Index (SPI) Schedule Performance Index (SPI) = Answer EV/PV 205000 h) Cost Performance Index (CPI) Cost Performance Index (CPI) = Answer EV/AC 190000 300000 50% 190000 Answerl = Answer. 102500 102500 Answerl AED Answer 205000 102500 /Answer 205000 Answer /Answer 190000 -87500 AED AED -10250 AED =Answer 0.5 Answerl 0.53 1) Estimated at Completion (EAC) 300000 0.53 Estimated at Completion (EAC) = Answer! / Answer = Answerl BAC/CPI 1) Estimated Time to compete Time to compete = Answer ¹2/Answer 05 Because SV is Answer behind the schedule Total months * SPI The project manager must determine how well his project team has performed. Is he ahead of schedule or behind schedule, and is the project team over or under budget? Answer the following: positive Because CV is Answer under-budgeted k) The project is considered behind the schedule, is ahead of schedule, or is as per schedule. and Answer positive and Answer Answer SPI 1 Please answer all parts of the question. 568037 1) The project is considered over-budgeted, is under-budgeted, or is as budgeted. Months CPK1 AED , the project is Answer , the project is Answer Assume we're halfway through a year-long project that has a total budget of 300000 AED. The amount budgeted through this six-month mark is 205000 AED and a total of 190000 AED spent. Calculate the following: a) Budget at Completion (BAC) Budget at Completion (BAC) = Answer AED b) Planned Value (PV) c) Actual Cost (AC) Planned Value (PV) = Answer AED Actual Cost (AC) = Answer d) Earned Value (EV) Earned Value (EV) = Answer e) Cost Variance (CV) Cost Variance (CV) = Answer 205000 f) Schedule Variance (SV) 102500 Answer PV to date * Rate of performance (RP) 300000*(6/12) or 50% Schedule Variance (SV) = Answer EV-AC 102500 EV-PV g) Schedule Performance Index (SPI) Schedule Performance Index (SPI) = Answer EV/PV 205000 h) Cost Performance Index (CPI) Cost Performance Index (CPI) = Answer EV/AC 190000 300000 50% 190000 Answerl = Answer. 102500 102500 Answerl AED Answer 205000 102500 /Answer 205000 Answer /Answer 190000 -87500 AED AED -10250 AED =Answer 0.5 Answerl 0.53 1) Estimated at Completion (EAC) 300000 0.53 Estimated at Completion (EAC) = Answer! / Answer = Answerl BAC/CPI 1) Estimated Time to compete Time to compete = Answer ¹2/Answer 05 Because SV is Answer behind the schedule Total months * SPI The project manager must determine how well his project team has performed. Is he ahead of schedule or behind schedule, and is the project team over or under budget? Answer the following: positive Because CV is Answer under-budgeted k) The project is considered behind the schedule, is ahead of schedule, or is as per schedule. and Answer positive and Answer Answer SPI 1 Please answer all parts of the question. 568037 1) The project is considered over-budgeted, is under-budgeted, or is as budgeted. Months CPK1 AED , the project is Answer , the project is Answer
Expert Answer:
Answer rating: 100% (QA)
a Budget at Completion BAC 300000 AED b Planned Value PV 205000 AED c Actual Cost AC 190000 AED d Earned Value EV PV to date Rate of performance RP 205000 05 102500 AED e Cost Variance CV EV AC 102500 ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
Assume that SSC has a $112.5 million capital budget planned for the coming year. You have determined its present capital structure (80% equity and 20% debt) is optimal, and its net income is...
-
A consulting project has an actual cost in month 10 of $23,000, a scheduled cost of $17,000, and a value completed of $20,000. Find the schedule and cost variances and the three indexes.
-
A performance report that compares budgeted and actual profit in the sporting goods department of Maxwells Department Store for the month of December follows: Required a. Evaluate the department in...
-
A factory with three departments uses a single production overhead absorption rate expressed as a percentage of direct wages cost. It has been suggested that departmental overhead absorption rates...
-
Patrick Dillon applied for a $10,000 loan from Carlton Savings & Loan. Carlton required him to obtain a surety. Patrick approached Sinclair Surety Co., which insisted that Patrick provide it with a...
-
An engineering student measures the strength of fingers used to push buttons by testing family members. Identify which of the following applies: simple random sample, systematic sample, convenience...
-
Tyrell has worked his way up from sales associate to department supervisor for a large suburban discount store. Now he has been offered a higher position in Atlanta. Currently, Tyrell earns about...
-
An equimolar liquid mixture of benzene and toluene is separated into two product streams by distillation. A process flowchart and a somewhat oversimplified description of what happens in the process...
-
questin no 1 If a person provide payments of Rs.15000 at the end of each 3rd month for 7 years and interest is 13.5% compounded quarterly, then calculate how much money is deposited. question no2...
-
1. XYZ Ltd. ("XYZ") yesterday issued a $1,000 par value 5 year bond ("the Bond"), In evaluating any capital budgeting proposal, XYZ has, historically, utilized a Required Rate of Return of 25%. As a...
-
Ashley works in an accounting firm. With the tax season quickly approaching, Ashley's manager knows that their previous customers will once again look for an accounting firm to help them file their...
-
What are common deductions from payroll and what are the rates?
-
Solve the given nonhomogeneous ODE by variation of parameters or undetermined coefficients. Give a general solution. xy" 2xy' + 2y = x sin x - NOTE: Write arbitrary constants as C1 and C2. y(x): =
-
Received a $ 4 0 0 dividend from our investment in Masco Company stock. The investment is treated as an equal method investment. What is the general journal entry?
-
Suppose a School having the following data: 15 circular wash fountain, 10 private Lavatories, 2 kitchen sinks, 2 service sinks, 2 pantry sink, 3 laundry, 15 showers. Part 1: Using HW-3 table,...
-
Problem 3. For reaction 5 in Table 4.1 in the textbook, H+ H20OH+H2 calculate the forward reaction rate constant at 2400 K. (10 points) Problem 4. D For reaction in Problem 3, the initial mole...
-
Include the following: Propose a research design for your problem statement in the mental health field on the shortage of professionals that includes methods, setting, and population. Please explain...
-
Coastal Refining Company operates a refinery with a distillation capacity of 12,000 barrels per day. As a new member of Coastal's management team, you have been given the task of developing a...
-
Journalize issuance of the bond and the first semiannual interest payment under each of the following three assumptions. The company amortizes bond premium and discount by the effective-interest...
-
Arkansas Sales Consultants completed the following transactions during the latter part of January: Jan. 22 Performed services for customers on account, $9,000. 30 Received cash on account from...
-
Winterborn Manufacturing Co. completed the following transactions during 2016: Jan. 16 Declared a cash dividend on the 4%, $100 par noncumulative preferred stock (950 shares outstanding). Declared a...
-
Show that the decomposition (10.37) of the nonlinear term is correct. Use direct substitution of (10.36) into the expression for one component of vector \(N\).
-
For the flow in Problem 7, write the boundary conditions for pressure when the flow is incompressible and inviscid and there is no body force.
-
If your course involves exercises with a CFD code, study the manual to determine which of the projection schemes discussed in Section 10.4 (SIMPLE, SIMPLEC, SIMPLER, PISO) are implemented. Are there...
Study smarter with the SolutionInn App