Given an activity in an advertising project whose planned cost was $12,000 but actual cost to date

Question:

Given an activity in an advertising project whose planned cost was $12,000 but actual cost to date is $10,000 so far and the value completed is only 70 percent, calculate the cost and schedule variances. Will the client be pleased or angry?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Project Management A Managerial Approach

ISBN: 978-0470226216

7th Edition

Authors: Jack R. Meredith, Samuel J. Mantel,

See More Books

Question Posted: Jan 14, 2012 04:59 AM

See More Questions

Given another investment with an expected value of 12 percent and a standard deviation of 2.2 percent that is countercyclical to the investment in problem 2, what is the expected value of the...
Given this information on planned and actual inputs and outputs for a service center, determine the work backlog for each period. The beginning backlog is 12 hours of work. The figures shown are...
Hanley asks his assistant to collect details on those costs included in the $21,000 indirect-cost pool that can be traced to each individual job. After analysis, Wigan is able to reclassify $14,000...
Allen, Inc., has a total debt ratio of .34. What is its debt-equity ratio? What is its equity multiplier?
Use the Error Bound with n = 4 to show that sin x-(x - 5) 120 S (for all x)
For each of the following sets of numbers, calculate the sample size $(N)$, the mean $\mathrm{X}^{-}$ , the standard deviation $(s)$, and the standard error of the mean $s \mathrm{X}^{-}$: a....
On September 30 of the current year, Fox Corporation files for bankruptcy. At the time, it estimates that the total FMV of its assets is $725,000, whereas the total amount of its outstanding debt...
Sarik was surprised by how many conversations it took to make a deal with CorpCo. What pitfall did Sarik experience? Select an answer: using improper anchors burning relationships low-ball...
A tall standpipe with an open top (see figure) has diameter d = 2.2 m and wall thickness t = 20 mm. (a) What height h of water will produce a circumferential stress of 12 MPa in the wall of the...
A project to develop technology training seminars is 5 days behind schedule at day 65. It had a planned cost of $735,000 for this point in time, but the actual cost is only $550,000. Estimate the...
For the following test marketing project at week 6: a. Ignore the far right % Complete column and using the 5050 percent completion rule for PV and EV, calculate the cost, schedule, and time...
You cant see clearly underwater with the naked eye, but you can if you wear a face mask or goggles (with air between your eyes and the mask or goggles). Why is there a difference? Could you instead...
The financial year-end for Riverwood Ltd is 30 June. a. Prepaid insurance as at 1 July 2015 was $4000. This represents the cost of a one-year insurance policy that expires on 1 March 2016. b....
An item of equipment was purchased on 1 July 2008 at a cost of $625 000. It was estimated to have a useful life of four years and a salvage value at the end of that period of $25 000. 1. Calculate...
Define an asset. What are the essential characteristics of an asset?
The following transactions pertain to Rosewall Ltd for November 2015. 1. The company was incorporated, with shareholders investing $250 000 in cash. 2. Purchased $43 000 worth of inventory on credit....
The events listed below all took place on 15 June 2016. Provide the journal entry necessary to record each event in the accounts of Company X for the year ended 30 June 2016. If no entry is required,...
What is the distinction between discretionary financing needs (DFN) and external financing needs (EFN)?
What did Lennox gain by integrating their WMS, TMS, and labor management systems?
In Problem compute each probability using formula (1) on page 423 and appropriate table values. P(B|D) Formula 1 P(A|B) = P(ANB) P(B) P(B) = 0 (1)
Consider the partial resource-loading chart shown below. Suppose that you can commit a maximum of eight resource hours per day. a. What are the dates on which project resources are overallocated? b....
Refer to the activity network table below. Enter this information using MS Project to produce a Gantt chart. Assume that each resource has been assigned to the project activity on a full-time (8...
Refer to the activity network table below. Enter this information using MS Project to produce a Gantt chart. Assume that each resource has been assigned to the project activity on a full-time (8...
Use factoring by grouping to solve the following equation. 3-522-16r+80=0 Enter the solutions, separated by commas if necessary. Do not use a plus-minus () sign when entering separate answers....
What are some intervention policies that make provisions for destitute college or university students in Ethiopia? Please provide Examples
Develop a simple application of two- variable linear programming problem to find an optimal product mix in a 'realistic' context. Specify the resources to be considered requirements, and the market...

Given an activity in an advertising project whose planned cost was $12,000 but actual cost to date

Question:

Step by Step Answer:

000 AC PV EV 100 120 84 CV 16 Unfavorable CPI 084 SV ...View the full answer

Project Management A Managerial Approach

Students also viewed these Management Leadership questions