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Ksivusya [100]
3 years ago
11

A software development project at day 70 exhibits an actual cost of $78,000 and a scheduled cost of $84,000. The software manage

r estimates a value completed of $81,000. What are the cost and schedule variances and CSI? Estimate the time variance.
Business
1 answer:
Rina8888 [55]3 years ago
7 0

Answer and Explanation:

Given:

Actual time (AT) = 70 days

Actual cost (AC) = $78,000

Scheduled cost (SC) = $84,000

Earned value (EV) = $81,000

Computation of cost variance:

Cost variance = Earned value - Actual cost

Cost variance = $81,000 - $78,000

Cost variance = $3,000

Computation of schedule variance:

Schedule variance = Earned value - Scheduled cost

Schedule variance = $81,000 - $84,000

Schedule variance = - $3,000

Computation of Cost schedule Index (CSI):

Cost schedule Index = EV² / (AC × SC)

Cost schedule Index = ($81,000)² / ($78,000 × $84,000)

Cost schedule Index = 1.00137363

Cost schedule Index = 1.001 (Approx)

Computation of time variance:

Time variance = (AT × CSI) - AT

Time variance = (70 × 1.001) - 70

Time variance = (70.07) - 70

Time variance = 0.07 days

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Explanation:

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Willingness to pay measures the value that a buyer places on a good or product. Thus, when this value is high, the customer would ultimately buy a product and vice-versa.

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Answer:

The institutional structure is that part of the organization most visible to the outside public

Explanation:

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3 years ago
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You are an accounting student at a university and also a talented guitar player. During summer vacation, you are hired full time
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Jackson company has the following financial information for their most recent fiscal year: Revenues Cost of Sales Interest Expen
irinina [24]

Answer:

The calculations are shown below

Explanation:

The computations are shown below:

But before that, first we have to prepare the income statement so that the values could come    

Particulars Amount  

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Less: Cost of sales -$64,700  

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Less: Interest expenses -$1,800  

Earnings before tax $33,200  

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So, the calculations are shown below:

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2. Price earnings ratio = Stock price per share ÷ Earnings per share  

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= 0.38 times  

4. Total market value = Number of shares outstanding × Market price per share

= 16,000 shares  × $22    

= $352,000  

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