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A car manufacturing company has been working on a project to increase the productivity of one of its existing machines. Testing of the improved machine
A car manufacturing company has been working on a project to increase the productivity of one of its existing machines. Testing of the improved machine was scheduled to last for 100 working days and the machine is expected to complete processing of 7,000 units of a part during this period. The budget allocated for testing the machine was $150,000. During a performance review, which took place 15 working days after the testing activities were initiated, it was found that 1,001 units of the work had already been processed and that the actual cost was $18,500. a) What is the "budget at completion for the testing? b) What is the cumulative ACWP of the testing? c) Calculate the cumulative BCWS of the testing. d) Calculate the "earned value of the testing. e) Calculate the "estimated cost for the remaining work. f) Calculate the estimated total cost at completion
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