Calculate budgeted cost baseline

Assignment Help Accounting Basics

Reference no: EM132835064

Earned-value analysis. A project budget calls for the following expenditures:

Task	Date	Budgeted Amount
Build forms	April 1	$10,000
Pour foundation	April 1	$50,000
Pour foundation	May 1	$100,000
Frame walls	May 1	$30,000
Frame walls	June 1	$30,000
Remaining tasks	July 1 and beyond	$500,000

Question a: Define each term in your own words, calculate these values for the above project, and show your work:

1. Budgeted cost baseline (make a graph illustrating this one)

2. Budget at completion (BAC)

3. Planned value (PV) as of May 1

4. Earned value (EV) as of May 1 if the foundation work is only two-thirds complete. Everything else is on schedule.

5. SV as of May 1.

6. Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1.

7. Schedule performance index (SPI)

8. Cost performance index (CPI)

9. Estimate to complete (ETC), assuming that the previous cost variances will not affect future costs

10. Estimate at completion (EAC)

Reference no: EM132835064

Questions Cloud

What the competition is doing in terms web presence : What the competition is doing in terms Web presence, Social Media presence, and any other information you can find (news articles, consumer feedback, etc.).

What amount is included in John net income : All amounts have been converted to Canadian currency. What amount is included in John's net income for tax purposes for the current year

Describe two-time management techniques : List and describe two-time management techniques that could be used by both teams and individuals.

Which disorders have a high prevalence of co-morbidity : What is the correlation between personality disorders and substance use? 150 words. Which disorders have a high prevalence of co-morbidity?

Calculate budgeted cost baseline : Actual cost as of May 1 is $160,000. Calculate the cost variance (CV) as of May 1. Calculate Budgeted cost baseline (make a graph illustrating this one)

Beneficiary of trade friction between china and the usa : But currently there will be possibly improved relations between the US and China. In this situation, should Pakistan find new markets for its products and servi

What is the budgeted profit on the income statement : What is the Budgeted profit on the Income Statement if the standard cost of a unit of Inventory is $40 in 2021

Anti cyber-squatting consumer protection act : Cyber-squatting is an issue that can affect businesses and famous people. How was the Anti Cyber-squatting Consumer Protection Act applied in these cases?

Opening case-is china dumping its excess steel production : In the 15 years up to 2015, China increased its steel production fivefold as it forged the steel products demanded by its huge boom in construction

User Account

All Pages