Question: You are program manager (PM) who has just subcontracted Premium Floors, Inc. to lay out 100 meters of platinum flooring in 10 days at a

You are program manager (PM) who has just subcontracted Premium Floors, Inc. to lay out 100 meters of platinum flooring in 10 days at a cost of $100. Premium Floors, Inc, plans to lay out 10 meters of flooring every day for 10 days to meet their goal. At the end of Day 3, they report to you they've spent $8 on the effort every day thus far. What is the Actual Cost of Work performed (ACWP) at the end of Day 3?

Step by Step Solution

★★★★★

3.34 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the Actual Cost of Work Performed ACWP at the ... View full answer

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 Accounting Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

You are a systems analyst who has been working for several years in the IT shop of a cabinet manufacturing company. The company is known for the quality of its products and for being an industry...

Explain how the Internet works. Assume you are talking with someone who has no knowledge of information technology (in other words, keep it very simple).

You are given the following information. A call option's premium is currently $4, the exercise price equals $52, the risk free rate is 5%, volatility is 60%, and the time to expiration is nine...

Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: Contains...

You are the external auditor of Kiwi Tours, a company which promotes New Zealand tours to the UK and owns a chain of duty-free shops. You have been auditing the company since it was listed on the...

What are free cash flows? What are the three determinants of free cash flows? MINI CASE Assume that you recently graduated with a degree in finance and have just reported to work as an investment...

What are financial assets? Describe some financial instruments. MINI CASE Assume that you recently graduated with a degree in finance and have just reported to work as an investment advisor at the...

What is the net resistance of the circuit connected to the battery in Fig. 19-41? Each resistance has R = 2.8k Ω. 12 V

Choco Company's prepaid insurance was $10,000 at December 31, 2012, and $15,000 at December 31, 2013. Choco reported insurance expense of $25,000 on the 2013 income statement. What amount would be...

What is the ingress protection rating for a motor enclosure that protects the motor from penetration by objects greater than 1 mm in size and from spraying water? Is this a useful rating in practice?...

1. Agency Funds are classified as ______- type funds. 2. An Agency Fund is used when the governmental unit is the ______ of resources that belong to some other organization. 3. Agency Funds ______...

The equity section of Cyril Corporations balance sheet shows the following: Preferred stock 6% cumulative, $ 25 par value, $ 30 call price, 10,000 shares issued and outstanding . . . . . . . . . . ....

Milton Company reported inventory of $60,000 at the beginning of 2014. During the year, it purchased inventory of $625,000 and sold inventory for $950,000. A count of inventory at the end of the year...

What will be the rate of return on a perpetual bond with a $1,000 par value, an 8 percent coupon rate, and a current market price of? (a) $600, (b) $800, (c) $1,000, (d) $1,500? Assume that interest...

Singleton Inc. reported the following information for the current year: Required: Compute Singletons (a) Gross profit ratio, (b) Inventory turnover ratio , (c) Average days to sell inventory. Net...

Find the volume of the solid in R3 bounded by y=x2, x=y2, z=x+y+36, and z=0.

a. Wilson filed his individual tax return on the original due date, but failed to pay $700 in taxes that were due with the return. If Wilson pays the taxes exactly 2 months late, calculate the amount...

Cypress Corporation has regular taxable income of $170,000 (assume annual gross receipts are greater than $5 million) and regular tax liability of $49,550 for 2012. The corporation also has tax...

Marty is a sales consultant. Marty incurs the following expenses related to entertainment of his clients in 2012: Dues to a country club......................................................$4,500...

.Construct the standardized scores for the twelve students whose raw scores are given in Exercise 22, and then show that the mean of these standardized scores is 0 and the standard deviation of the...

Given the following very simple population distribution, construct the theo retical sampling distribution for the sample mean based on three independent observations from the population. x P{X = x) 9...

The argument for the normal theory of error, presented in Section 4.23 of the text, was based on the normal approximation to the binomial, assuming the action of a vast number of influences that...