A contractor has agreed to build 10 dog houses in 20 days at a price of $800 per unit. 10 days later, the contractor has finished 6 dog houses with an actual total cost of $5,200. What is the cost variance CV (CV = BCWP - ACWP)? $800 $400 $-1,200 $600
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- If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project? A. The cost variance is 1.05 B. The cost variance is 5,000 C. The cost variance is 0.95 D. The cost variance is -5,000 Your company has temporarily assigned you to serve as a project manager at a company location outside your home country. While meeting with a vendor your first day on the job, you are presented with a gift. The corporate policy at the headquarters in your home country prohibits employees from accepting these types of gifts. However, as you are new to this location, you believe- but are not sure-that the local policy, as well as local custom may differ. How should you respond? A. Provide a gift of similar value to the vendor at your next meeting. B. Accept the gift but do not tell anyone. C. Respectfully tell the vendor you are not sure of corporate policy, and will need to ask your management before you can accept giftsThe production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per month. How much is the favorable or unfavorable variance if 5,500 units were produced for an actual total of $61,000? PLEASE NOTE: Question 1: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345). Question 2: Your answer is either "Favorable" or "Unfavorable" - no quotation marks. Total variance = Favorable or unfavorable?A given work package has a planned value( (PV) of $10,000, an earned value (EV) of $9,000, and an actual cost (AC) of $12,000. Which of the following is not true: O Cost variance is -$3,000 O Schedule variance is -$2,000 Cost performance index is 0.75 Schedule performance index is 0.9
- 1.We need to develop and install ten printers drivers within 10 weeks for a budget of 100.000$. We should finish 1 printer per week with cost of 10.000 for each printer. At week 5, we finished installing 4 printers with an actual cost of 47500 $ Calculate the performance for this project in terms of cost and time by calculate the following: The budget cost of the work scheduled The budget cost of the work performed The actual cost of the work performed The cost variance The cost performance indexA manual assembly line is being designed for a product with annual demand = 100,000 units. The line will operate 50 wks/year, 5 shifts/wk, and 7.5 hr/shift. Work units will be attached to a continuously moving conveyor. Work content time = 42.0 min. Assume line efficiency E = 0.97, balancing efficiency Eb = 0.92, and repositioning time Tr = 6 sec. Determine: (a) hourly production rate to meet demand, (b) number of workers required.The production cost for a waterproof phone case is $9 per unit and fixed costs are $28,000 per month. How much is the favorable or unfavorable variance if 5,800 units were produced for a total of $79,500? Enter the amount as positive number. O variance $ Favorable Unfavorable
- A company has determined that the standard for materials is 10 square feet at $4 per square foot. If a process produces 2000 units and uses 18 square feet per unit at $5 per square foot, then what is the materials quantity variance? Select one a $ 64,000 unfavorable b) $64, 000 favorable c) $18,000 unfavorable d) $ 18,000 favorableAssume that the moving activity has an expected cost of 80,000. Expected direct labor hours are 20,000, and expected number of moves is 40,000. The best activity for moving is a. 4 per move. b. 1.33 per hour-move. c. 4 per hour. d. 2 per move. e. e None of these.Assume that the inspection activity has an expected cost of 120,000. Expected direct labor hours are 3,000, and expected number of inspections is 600. The best activity rate for inspection is as follows: a. 40 per inspection b. 40 per hour c. 200 per inspection d. 200 per hour
- Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to the product are 12,960,000 per year. The total labor minutes available are 1,440,000. During the year, the cell was able to produce 0.6 units of the product per hour. Suppose also that production incentives exist to minimize unit product costs. Required: 1. Compute the theoretical conversion cost per unit. 2. Compute the applied conversion cost per minute (the amount of conversion cost actually assigned to the product). 3. Discuss how this approach to assigning conversion cost can improve delivery time performance. Explain how conversion cost acts as a performance driver for on-time deliveries.Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000 for reworking products. A good estimate of nonvalue-added costs would be a. 70,000. b. 130,000. c. 40,000. d. 90,000. e. 100,000.Gent Designs requires three units of part A for every unit of Al that it produces. Currently, part A is made by Gent, with these per-unit costs in a month when 4.000 units were produced: Variable manufacturing overhead is applied at $1.00 per unit. The other $0.30 of overhead consists of allocated fixed costs. Gent will need 6,000 units of part A for the next years production. Cory Corporation has offered to supply 6,000 units of part A at a price of $7.00 per unit. It Gent accepts the offer, all of the variable costs and $1,200 of the fixed costs will be avoided. Should Gent Designs accept the offer from Cory Corporation?
