Earned Value (EV) = $13,000 Planned Value (PV) = $14,000 Actual Cost (AC) = $15,000

Q: Earned Value formulas. • SV = EV - PV; SPI = EV/PV • CV = EV - AC; CPI = EV/AC • CR = SPI x CPI…

A: As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

Q: Which of the following techniques would be best for evaluating the management performance of a…

A: Solution: Return on assets ratio and return on investment ratio is used to measure performance of…

Q: Randall Company uses standard costing and flexible budgeting and is evaluating its direct labor. The…

A:

Q: Before a direct materials purchases budget can be prepared, you should firsta. prepare a sales…

A: The budgets are prepared to estimate the number of units to be sold, number of units to be produced…

Q: For most organizations, a budget is the benchmark for evaluating actual performance. O True O False

A: Budget is the estimation of future data for the achievement of its goals and objectives.

Q: The usual starting point for a master budget is: O the budgeted income statement. O the sales…

A: Income Statement :— It is one of the financial statement that shows profitability of company during…

Q: For a project, ACWP (CAC) = R18,000, BCWP (CBC) = R15,000, BCAC (BAC or TBC) = R24,000, the project…

A: ACWP actual cost of work performed (Cumulative Actual cost)  BCWP Budgeted cost of work…

Q: ates are determined by iding the cost budgeted for each activity pool by t e for that pool iding the…

A: Activity rate is used in activity based costing. Activity rate is then multiplied into usage to…

Q: If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is…

A: The concept of cost variance indicates the difference between the actual cost incurred and budgeted…

Q: What is the difference in purpose between an economic-enterprise budget and the results of the…

A: The purpose of the economic-enterprise budget is to estimate sales, costs, and, finally, the…

Q: Match the definition the term.  Terms: Cost variance   Overhead cost variance   Price variance…

A: The practise of organizing and regulating a company's operating expenses is known as cost…

Q: This type of standard specify how much should be paid for the quantity of the input to be used.…

A: A standard cost is a predetermined cost which determine unit of product or service rendered during…

Q: 1. How is the flexible budget used within the variance analysis system to evaluate effectiveness and…

A: 1) Flexible budget refers to a budget that flexes with change in volume or change in activity. It is…

Q: Of the following budgets.

A: Budget-:Budgets are an assessment of income and expenses made at the end of the accounting to…

Q: Estimating the effects of changes in budget assumptions, such as determining the impact of an…

A: BUDGET : It is an estimation of REVENUE and EXPENSES. The factors affecting the budgets are…

Q: Of the following pairs of variances found in a flexible budget report, which pair is most likely to…

A: Variance in simple terms means difference or change. In costing variance refers to the difference…

Q: Direct Materials Under normal conditions, Sarah spends $8.40 per unit of materials, and it will take…

A: Material cost variance: Material cost variance is the difference between standard cost of material…

Q: Which type of budget is the forecasting of how much should be spent on large items such as…

A: A budget  is the  estimate  made over a future  selected period of time

Q: Which of the following is a measure of a cost center manager's performance? Oa. return on investment…

A: Cost center managers are in charge of costs but not revenues or investments. Their duty is to lower…

Q: Determine the flexible budget variances and sales price variance, noting the amount and sign for…

A: Flexible budget variance is the difference between Actual results and results according to Flexible…

Q: Using budgets as a performance benchmark is often since the actual performance will most likely…

A: Using budgets as a performance benchmark is often challenging or unreliable since the actual…

Q: When analyzing an organization's budget using 2-variance analysis, the 2 elements used are volume…

A: The correct answer is: b. price varianceA 2-variance study of an organization's budget includes two…

Q: Questions Question 1 Aero3D Ltd produces a range of filament cartridges for 3D printers. The…

A: Activity-based costing is a costing approach in which a company's activities are identified and the…

Q: This is the length of time it takes to initiate and complete a finished product. O a. Fiscal year O…

A: Due to multiple questions, only the first question is solved as per our protocol.Costs are having…

Q: Operating budget considers all the factors except Capital expenditure budget Production budget Sales…

A: An operating budget is a detailed projection of all the income a business expects to earn and all…

Q: Using the same above information, what woult it look like to complete the following?  Direct labor…

A: