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Project A Project B Project C Project D Based on the data obtained from each project, you have found out the value of work done on the 31st of March, which is shown in Table 2 below. Project Table 1: The Planned Value of Work Done Schedule Feb March Jan 60,000 100,000 120,000 100,000 80,000 120,000 80,000 80,000 70,000 120,000 120,000 100,000 Table 2: The Actual Value of Work Done and Direct Cost Incurred as of the 31st of March ABCD с April May 120,000 200,000 140,000 140,000 90,000 100,000 120,000 150,000 Actual Value of Work Done 300,000 250,000 250,000 280,000 Direct Cost Incurred 220,000 180,000 200,000 240,000 Each project is supposed to contribute 10% profit and 8% overhead to the company. You are requested to present to the company the turnover as of the 31st of March. Prepare your answer by answering. the following questions. a) Calculate the planned value of work. done, the total planned overhead and the total profit contribution from all the projects as of the 31st of March. b) Calculate the actual value of work done. and the total actual profit contribution from all the projects as of the 31st of March. c) Analyse planned and actual nett profit contribution of all the projects as of the 31st of March, and comment on the status of the projects. on the variance between the

Project A Project B Project C Project D Based on the data obtained from each project, you have found out the value of work done on the 31st of March, which is shown in Table 2 below. Project Table 1: The Planned Value of Work Done Schedule Feb March Jan 60,000 100,000 120,000 100,000 80,000 120,000 80,000 80,000 70,000 120,000 120,000 100,000 Table 2: The Actual Value of Work Done and Direct Cost Incurred as of the 31st of March ABCD с April May 120,000 200,000 140,000 140,000 90,000 100,000 120,000 150,000 Actual Value of Work Done 300,000 250,000 250,000 280,000 Direct Cost Incurred 220,000 180,000 200,000 240,000 Each project is supposed to contribute 10% profit and 8% overhead to the company. You are requested to present to the company the turnover as of the 31st of March. Prepare your answer by answering. the following questions. a) Calculate the planned value of work. done, the total planned overhead and the total profit contribution from all the projects as of the 31st of March. b) Calculate the actual value of work done. and the total actual profit contribution from all the projects as of the 31st of March. c) Analyse planned and actual nett profit contribution of all the projects as of the 31st of March, and comment on the status of the projects. on the variance between the

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Table 1: The Planned Value of Work Done Schedule Jan Feb March Project A Project B Project C Project D 60,000 100,000 80,000 120,000 100,000 80,000 80,000 120,000 120,000 120,000 70,000 100,000 April 120,000 140,000 90,000 120,000 Мay 200,000 140,000 100,000 150,000 Based on the data obtained from each project, you have found out the value of work done on the 31st of March, which is shown in Table 2 below. Table 2: The Actual Value of Work Done and Direct Cost Incurred as of the 31st of March Project Actual Value of Work Done 300,000 250,000 250,000 280,000 Direct Cost Incurred A 220,000 180,000 200,000 240,000 Each project is supposed to contribute 10% profit and 8% orerhead to the compoany. You are requested to present to the company the turnorer as of the 31st of march. Prepare your answenr by answering the following que'stions. a) Calculate the planned ralue of work done, the total planned orerhead and the total profit contribution from all the. projects as of the 31st of March. b) Calculate the actual ralue of work done and the totalactual profit contribution from all the projects as of the 31st of march. c) Analyse planned and actual nett profit contribution of all the projects as of the 31stof march, and comment on the status of the projects. on the rariance between the
Transcribed Image Text:Table 1: The Planned Value of Work Done Schedule Jan Feb March Project A Project B Project C Project D 60,000 100,000 80,000 120,000 100,000 80,000 80,000 120,000 120,000 120,000 70,000 100,000 April 120,000 140,000 90,000 120,000 Мay 200,000 140,000 100,000 150,000 Based on the data obtained from each project, you have found out the value of work done on the 31st of March, which is shown in Table 2 below. Table 2: The Actual Value of Work Done and Direct Cost Incurred as of the 31st of March Project Actual Value of Work Done 300,000 250,000 250,000 280,000 Direct Cost Incurred A 220,000 180,000 200,000 240,000 Each project is supposed to contribute 10% profit and 8% orerhead to the compoany. You are requested to present to the company the turnorer as of the 31st of march. Prepare your answenr by answering the following que'stions. a) Calculate the planned ralue of work done, the total planned orerhead and the total profit contribution from all the. projects as of the 31st of March. b) Calculate the actual ralue of work done and the totalactual profit contribution from all the projects as of the 31st of march. c) Analyse planned and actual nett profit contribution of all the projects as of the 31stof march, and comment on the status of the projects. on the rariance between the
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