What are the cost and schedule variances

Assignment Help Accounting Basics
Reference no: EM133185186

Question - Assume that operations on a work package were expected to cost $1500 to complete the package. They were originally scheduled to have been finished today. At this point, however, we have actually expended $1350, and we estimate that we have completed two-thirds of the work. What are the Cost and Schedule variances? Calculate CPI, SPI, ETC & EAC. Interpret the results (what does it all mean).

Reference no: EM133185186

Questions Cloud

How much will they have to set aside at the end of each year : He is ten years now and will start tertiary education in 9 years. How much will they have to set aside at the end of each year to have R80 000 in 9 years
What is the journal entry that sharjah should make : During 2020, 585,000 tons were removed and 525,000 tons were sold. For the year ended December 31, 2020. What is the journal entry that Sharjah should make
What will be the value of emily trust fund : What will be the value of Emily's trust fund in 36 years, assruning she takes possession of $20,000 in 2 years for her wedding
What is the total cost of the ending inventory : The firm uses the perpetual inventory system, and there are 22 units of the item on hand at the end of the year. What is the total cost of the ending inventory
What are the cost and schedule variances : Assume that operations on a work package were expected to cost $1500 to complete the package. What are the Cost and Schedule variances
Determine the demand deposit multiplier : The reserve requirement of banks is 10 percent of any deposit and bank 1% of any deposit in excess. Determine the demand deposit multiplier
Determine the speculator profit : The spot price is 95.28 cents per 100 yen and the 90-day forward rate is 95.71 cents. Determine the speculator's profit if the yen appreciates to $1.00/100 yen
What dollar amount of ending inventory would appear : The company has rent of $2,500 and fixed payroll of $6,200 each month. For November, what dollar amount of ending inventory would appear in the company budgets
Calculate the material usage mix variance for each material : Green Ltd manufactures a product "Z46" using three materials, J, P, and Y. Calculate the material usage mix variance for each material and in total

Reviews

Write a Review

Accounting Basics Questions & Answers

  Eral company has 17000 in cash 3000 in marketable

eral company has 17000 in cash 3000 in marketable securities 36000 in current receivables 24000 in inventories and

  Compute the carrying amount of the investment in Tamarisk

On January 2, 2017, Sheffield sold 108,000 shares of Tamarisk for $3,470,000, Compute the carrying amount of the investment in Tamarisk as of December

  During 2011 robin sold the following assets business

during 2011 robin sold the following assets business equipment for a 6000 loss stock investment for a 15000 loss and

  Describe the nature of the activity

Describe the nature of the activity that the three employees had engaged in? Do you think Fabulous was guilty of negligence

  Present value table to determine the amount of cash

Use a present value table to determine the amount of cash that Mr. Gulliver's father should give him. Use an algebraic formula to prove that the present value of the trust fund (the amount of cash computed in portion "a") is equal to its $60,000 fu..

  What was the purchase price of the machine

A company bought a machine that has an expected life of 7 years and no salvage value. What was the purchase price of the machine

  Find which would be the most suitable accounting

Which would be the most suitable accounting and disclosure? An employee was injured while working. He took legal action and sought damages

  What will be the amount of depreciation recognized

On July 1, 20X3, X Company purchased a machine by paying a $20,000 down payment, What will be the amount of depreciation recognized in 20X4

  Calculate the amount charged to cost of goods sold

Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. (Show computations), Using the LIFO assumption, calculate the value of ending inventory for March

  Dicuss about consolidation worksheet and entries

Give all journal entries recorded by J with regard to its investment in S during 20X5. Give consolidating entries needed to prepare a full set of consolidate

  Accounting reporting criteria

Compare and contrast the accounting reporting criteria-including regulatory environment, issues with foreign currency, differences in GAAP, and any others-of a U.S. company with a foreign company.

  Under absorption costing a company had the following per

under absorption costing a company had the following per unit costs when 10.000 units were produced.compute the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd