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Tresset [83]
3 years ago
11

Assume that you are the project manager for the construction of a 15-mile road. Further, assume that the work is uniformly distr

ibuted over 12 weeks. The total approved budget for the project is $600,000. At the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed. What is the earned value of the project at the end of the first three weeks?
Business
1 answer:
AfilCa [17]3 years ago
3 0

Answer:

$200,000

Explanation:

This involves revenue recognition based on percentage of work completed (cost to completion technique). Revenue to be recognized per time is assessed based on the level of cost incurred compared with the total cost to be incurred.

Given that the total approved budget for the project is $600,000, If at the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed for a  a 15-mile road, the earned value of the project at the end of the first three weeks

= 5/15 * $600,000

= $200,000

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At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July sho
rjkz [21]

Answer:

See below

Explanation:

$10,370 - $340 = $10,030

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2 years ago
In any collaboration, data ownership is typically determined by:(A) The research team with access to the best lawyers.(B) The ty
Tatiana [17]

Answer: (B)

The type and source of funds used to support the project.

Explanation:

In a research collaboration, the type and source of funding used, determines ownership of the data in most cases.

In situations where the research is quite expensive to conduct, researchers tend to enter into agreements with firms or institutions that fund the data in exchange for ownership rights.

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3 years ago
What standard describes uniform, enterprise-wide cabling systems, regardless of who manufactures or sells the various parts used
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Uniform, employer-wide cabling structures, no matter who manufactures or sells the diverse elements used in the system of gadget.

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3 0
1 year ago
Equipment was purchased for $68,000 on January 1, 2013. Freight charges amounted to $2,800 and there was a cost of $8,000 for bu
Dahasolnce [82]

Answer:

a. $26,720

Explanation:

Before computing the accumulated depreciation, first we have to compute the original cost of the equipment, after that the depreciation expense. The calculation is shown below:

Original cos t = Equipment purchase cost + freight charges + installment charges

= $68,000 + $2,800 + $8,000

= $78,800

Now the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ estimated life in years

= ($78,800 - $12,000) ÷ 5 years

= $13,360

Now the accumulated depreciation is

= Depreciation expense × number of years

= $13,360 × 2 years

= $26,720

5 0
3 years ago
Ordinary repairs meet all of the following criteria except: Multiple Choice Are expenditures to keep an asset in good operating
spin [16.1K]

Answer:

The correct answer is letter "B": Extend the useful life of an asset beyond its original estimate by several years.

Explanation:

Ordinary repairs refer to routine maintenance that equipment and machinery need to work over its estimated useful life. <em>It does not aim to extend the life of the equipment but helps meeting the estimated time a company plans to use those assets.</em> In accounting terms, ordinary repairs demand to record a debit to an expense account and a credit to a cash account.

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2 years ago
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