Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2.1 A customer (homeowner) hires a contractor to tile five identical rooms in his home. The customer purchased the tiles, and the contractor will be
2.1 A customer (homeowner) hires a contractor to tile five identical rooms in his home. The customer purchased the tiles, and the contractor will be reimbursed for labour only. Because the tiles are difficult to work with, the contractor assumes two days per room at eight hours per day and at R100 per hour. The planned cost is R8,000 but overtime will also be paid, if necessary, at the same rate of 100 per hour. The first room was completed in three days because of difficulty in workmanship and getting an understanding of how to use these special tiles. This included two hours of overtime. The second room was completed in two days. Using EVMS, the following information would be presented to the homeowner at the end of the first week. PV=5800=R4,000EV=4800=R3,200AC=42100=R4,200BAC=R8,000SV=EVPV=R800CV=EVAC=R1,000EAC=(AC/EV)BAC=R10,500VAC=BACEAC=R2,500ETC=EACBAC=R6,300Percentcomplete=EV/BAC=40%SPI=EV/PV=0.8CPI=EV/AC=0.76 MASTER OF BUSINESS ADMINISTRATION - ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE Now it is your turn. Having tiled the floors, you now hire a contractor to wallpaper all of the walls in each of the five rooms. Once again, you purchase the wallpaper and will reimburse the contractor just for labour. The contractor works at R100 per hour and estimates eight hours of work per room, for a total of five days. At the end of the first week, working eight hours per day, the contractor completed only three rooms. The EVMS status is: a. PV= b. EV= c. AC= d. BAC= e. SV= f. CV= g. EAC= h. VAC= i. ETC= j. Percent complete = k. SPI=
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started