The EV reporting for level of effort activities is based on the following principle: Budget Actual Budget Earned Pe Account Code UOM Quantity Quantity PV EV Co Total To-Date 03110 Formwork SF 4,000 3,000 6,000 03210 Rebar Ton 10 6 900 03310 Place & Finish CY 800 640 1,600 Subtotal Slabs at grade a. EV (BCWP) is equal to scheduled (BCWS); no schedule variations can exist b. EV (BCWP) is equal to quantity installed C. None of these choices O d. EV (BCWP) is equal to actual cost (ACWP). no cost variation