ASAP D&L Group of Companies conducted an audit on the expansion project at Sto. Batangas. The project engineer presented the summary of project dashboard to be: PROJECTED PROJECT PLAN Project Duration: 2Years Project Cost: Php 193,000,000.00 Manpower: 125Persons   ACTUAL PROJECT EXECUTION Project Duration: 6 Months Project Cost: Php 193,000,000.00 Manpower: 163 Persons Without mathematical calculation, what economic approach/ analysis the

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

ASAP

D&L Group of Companies conducted an audit on the expansion project at Sto. Batangas. The project engineer presented the summary of project dashboard to be:

PROJECTED PROJECT PLAN

Project Duration: 2Years

Project Cost: Php 193,000,000.00

Manpower: 125Persons

 

ACTUAL PROJECT EXECUTION

Project Duration: 6 Months

Project Cost: Php 193,000,000.00

Manpower: 163 Persons

Without mathematical calculation, what economic approach/ analysis the presented project dashboard implies?Why do you say so?

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Capital Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education