A project consists of three tasks. The budgeted cost for the three tasks are as follows: task A is $4k, task B is $1k, and task C is $350. At the end of the first week the following are the percentages completed: task A 50%, task B 100%, and Task C is 15%. At the end of the first week, the actual costs of work performed was attained from and indicates accounting reports and amounted to $2,250. The calculated CPI is that the project is _______ budget. 0.73, under budget 1.35, under budget 1.35, over budget 0.73, over budget

A project consists of three tasks. The budgeted cost for the three tasks are as follows: task A is $4k, task B is $1k, and task C is $350. At the end of the first week the following are the percentages completed: task A 50%, task B 100%, and Task C is 15%. At the end of the first week, the actual costs of work performed was attained from and indicates accounting reports and amounted to $2,250. The calculated CPI is that the project is _______ budget. 0.73, under budget 1.35, under budget 1.35, over budget 0.73, over budget

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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