Question: Your project is to build a 3,000 square foot deck on your house. The cost per square foot is $1.50 which includes labour and material.

Your project is to build a 3,000 square foot deck on your house. The cost per square foot is $1.50 which includes labour and material. The crew is made up of 2 skilled carpenters plus 3 labour workers. The crew plans to construct 1,000 square feet per day. Today is the end of day 2 with 1,500 square feet of deck completed and costs expended to date are $3,500. Using the above information, calculate the values required below: FIND CALCULATION ANSWER INTERPRETATION OF ANSWER BAC Budget at Completion PV Planned Value EV Earned Value AC Actual Cost CV Cost Variance SV Schedule Variance CPI Cost Performance Index SPI Schedule Performance Index EAC Estimate at Completion ETC Estimate to Complete VAC Variance at Completion TCPI To complete performance index

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 Accounting Questions!