Question: I need calculaion formulas 1. A project you work on has a budgeted cost of $1,20,000. You have 1 year to complete the project. One

I need calculaion formulas 1. A project you work on has

I need calculaion formulas 1. A project you work on has a budgeted cost of $1,20,000. You have 1 year to complete the project. One month has passed and only 15% of the project was completed instead of the planned completion of 20%. The expenses were found to be $150,000. a. Is the project over budget? Explain. b. Is the behind schedule? Explain. c. Calculate the estimate time to complete the project 2. A project you manage is expected to be completed in 16 months at a monthly cost of $20,000. The project is 60% completed after 4 months at a cost of $80,000. a. Is the project over budget? Explain. b. Is the behind schedule? Explain. C. Calculate the estimate time to complete the project

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!

Three-Month Project NOTE! Templates needed Ampersand, Inc., is a small business that operates in Somerset, VT The company is located at 732 Appalachian Way, Somerset, VT 05363. Its federal Employer...

1. A project you work on has a budgeted cost of $1,20,000. You have 1 year to complete the project. One month has passed and only 15% of the project was completed instead of the planned completion of...

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

I am having a hard time with this Accounting project. Specifically at the beginning, the Production Budget. Thank you for the help. ACCT 2303; Jay Thibodeaux, Associate Professor Points Possible: 40...

Situation. The project was on or ahead of schedule during May and June. However, Tropical Storm Cody sat off the coast, and the jobsite was shut down because of wind, lightning, and/or rain for the...

Question 1 Pecasi Limited is the largest cloting retailer in South Africa and is listed on the Johannesburg Stock Exchange (JSE). The company have more than 3 000 retail stores, the majority of which...

table that calculates total actual cost, total standard cost (flexible budget cost), and the total cost variance for each of the following costs: Physician Care, Nursing Care, Medical Supplies, and...

Question 1 (16 Marks) INFORMATION: The following information has been provided by Aveng Limited to be used in compiling a cash budget for January, February and March. Actual Budgeted November...

Let A be a 3 ( 4 matrix, let v1 and v2 be vectors in, and let w = v1 + v2. Suppose v1 = Au1 and v2 = Au2 for some vectors u1 and u2 in. What fact allows you to conclude that the system Ax = w is...

Let X be a discrete random variable with the following PMF Find EX Find Var(X) [0.1 fork = 0 0.4 fork = 1 Px(K)= 0.3 fork = 2 0.2 fork = 3 [0Otherwise

What guides the timing and selection of process and standards

Compared with half a century ago, adoption has become _ _ _ _ _ _ _ _ _ common, but it is more open and acceptabl e , so we probably discuss it _ _ _ _ _ _ _ . fill in the blanks more or much less or...

3. How would you advise Anita to proceed if she wants to stay in the organization and be successful? How can she increase her influence and power in the organization?

4. [From a legislator or a member of the city council] I want to see all the information we have on the new construction project, and I want it in my office in 1 hour. a. Thats none of your business....

2. [From a coworker] Im terribly afraid that the mistake I made in the Harris confirmation hearing means that the boss is going to transfer me to the end of the world. a. Thats stupid. He hates...