Earned Value formulas.• SV = EV - PV; SPI = EV/PV• CV = EV - AC; CPI = EV/ACCR = SPI x CPIProb. 1. Find the schedule variance(SV) and cost variance (CV) for a project underway that has an actual cost (AC) of $540,000, a scheduled cost (PV) of $523,000, and anearned value (EV) of $535,000.Prob. 2. A project in progress had an actual cost of $34,000, a planned cost of $42,000, and a value completed of $39,000. Find the spending (cost) and schedule variancesand the CPI and the SPI. What is the Critical Ratio (CPI times SPI)?Prob. 3. A construction project underway exhibits an actual cost of $78,000, and a scheduled cost of $84,000. The foreman estimates a value completed of $81,000. Whatare the spending and schedule variances? What is the critical ratio?

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Answered: Earned Value formulas. • SV = EV - PV;…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Can you help me interpret these results i)Revenue Variance, Price, and Volume Variance Revenue variance = Actual revenues – Static revenues = $2,200,000 - $1,9800,000 = $220,000 Price variance = Actual revenues – Flexible revenues =$2,2000,000 - $2,200,000 =$0 Volume variance = Flexible revenues – Static revenues =$2,200,000 - $1,980,000 = $220,000 ii) Cost Variance, Volume Variance and Management Variance Cost variance = Static cost - Actual cost =$1,350,000 -$1,625,000 = $-275,000 Volume = Static cost – Flexible costs = $1,350,000 - =$1,475,000 = $-125,000 Management variance = Flexible cost- Actual cost =$2,200,000 - 1,625,000 =$575,000 iii) Profit Variance Profit Variance= Actual Profit - Static Profit = 225,000 - 130,000 = 95,000 Revenue Variance = Actual Revenue - Static Revenue = 2, 200,000 - 1,980,000 = 220,000 Cost Variance = Static Cost - Actual Costs = 1,850,000 - 1,975,000 = (125,000) Can you help me interpret these results
Hh1. Need help with DM Price variance percentage
1. The BAC of your project is 200,000 USD, and to date you have spent 120,000 USD. A closer eview reveals that you have completed only 55% of the work, however, according to the you should have completed 65% by now. What is the schedule performance index? 1.17 1.00 0.85 What is the schedule variance choices 20,000 USD 10,000 USD -20,000 USD 2. The BAC of your project is 50,000 USD and its duration is one year. After 6 months you review status of the project and find that only 40% of the work has been completed and you have spent 30,000 USD. What is the budget at completion? 30,000 USD 50,000 USD 20,000 USD
Material price variance = (Standard price per gram - Actual price per gram) * Actual quantity of material used = (P5 - P6) * 14000 = P14,000 (Unfavourable) Material efficiency variance = (Standard quantity of materials - Actual material quantity used) * Standard price per gram = (12000 - 14000) * 5 = P10,000 (Unfavourable) Total materials cost variance = Materials price variance + Materials efficiency variance = (P14,000) + (P10,000) = P24,000 (Unfavourable) For Direct labour, Standard labour hours allowed for actual production = Actual units produced * Standard hours per unit = 2000 units * 1.8 hours = 3600 hours Direct labour rate variance = (Standard labour rate - Actual labour rate) * Actual labour hours used = (P100 - P97.5) * 4000 = P10,000 (Favourable) Direct labour efficiency variance = (Standard labour hours - Actual labour hours) * Standard labour rate = (3600 - 4000) * 100 = P40,000 (Unfavourable) Total direct labour cost variance = Direct labour rate variance + Direct…
This is the length of time it takes to initiate and complete a finished product. O a. Fiscal year O b. Accounting year c. Production cycle Od. Short-term QUESTION 21 Costs that remain constant even with changes in production level. O a. Variable costs O b. Start-up costs O c. Semi-variable costs O d. Fixed costs QUESTION 22 The challenge of budgeting is to determine what will change and what will stay the same. O True False QUESTION 23 The numbers on tax returns (cash basis) are the same as the number we use to manage a department (accrual basis). O True O False QUESTION 24 A pattern of change over several time periods which can help us make estimates for the future is a. a gap. Ob. a fixed cost. Oc. a transformation. d. a trend.
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Please answer the following questions using this chart.
Q#4: Following is the information of Zafar corporation for the month of January 2019. STANDARD ACTUAL Variance ТЕMS COST COST Favourable UnFavourable Rs. Rs. Rs. Rs. D.Material ? 90,000 Price Variance 7,000 Quantity Variance 5,000 Direct Labour 160,000 Rate Variance 4,500 Efficiency Variance 10,500 FOH cost 160,000 Controllable variance 10,000 Volume Variance 16,000 REQUIRED:- Find out the missing figure of the table 2. Record journal entries and close variance accounts. 1.
9) Given data provided determine the DM price, quantity and total variances. Actual: 680,000 lbs. at $3.10 per pound Standard 640,000 lbs. at $3.50 per pound `
What is the DM Quantity Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50 Standard Costs = 4,500 lbs. at $6.00 Group of answer choices $600.00 favorable $550.00 favorable $600.00 unfavorable $550.00 unfavorable
K The following direct materials variance computations are incomplete = $5.400 U Price variance Efficiency variance = ?U Flexible budget variance 5? (52-54)×10 800 kg (?-10 200 kg)x54 Requirement 1. Fill in the missing values and identify the flexible budget variance as favourable or unfavourable in the first computation the missing value is the (Enter the amount as a positive number. Round your answers to the nearest whole number) In the second computation the first missing value is the The flexible budget variance is This variance is ats (Round your answer to the nearest cent) Ap The second missing value is the ▼ats F (Enter the amount as a positive nember. Round your answers to the nearest whole number) Time Remaining:02:51:45 Next
ss

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