ASSIGNMENT: PGDPM PROJECT FINANCIAL MANAGEMENT (RESUB) INTAKE QUESTION 1 COST OF PRODUCTION AND EARNED VALUE MANAGEMENT 1.1REQUIRED Complete the following table in respect of a component used in a project by Higgins Enterprises during May 2017 using the following methods of valuing inventories: 1.1.1 First-in-first-out method 1.1.2 Weighted average cost method. (Round off the average cost per unit to the nearest cent and all other amounts to the nearest Rand.) INFORMATION Purchases Issues Balance Date Quantity Price Amount Quantity Price Amount Quantity Price Amount 01 09 12 18 1 500 10 15 000 1 000 4 500 11 49 500 4 000 9000 12 108 000 27 6000 1.2 REQUIRED Use the information provided below to calculate the following in respect of the project: Schedule variance Cost performance index Estimate to complete INFORMATION The following information is available for a project undertaken by Maxi Limited Planned value Earned value Actual cost Budget at completion 1.2.1 1.2.2 1.2.3 R278 000 R172 200 R287 000 R600 000 ASSIGNMENT: PGDPM PROJECT FINANCIAL MANAGEMENT (RESUB) INTAKE QUESTION 1 COST OF PRODUCTION AND EARNED VALUE MANAGEMENT 1.1REQUIRED Complete the following table in respect of a component used in a project by Higgins Enterprises during May 2017 using the following methods of valuing inventories: 1.1.1 First-in-first-out method 1.1.2 Weighted average cost method. (Round off the average cost per unit to the nearest cent and all other amounts to the nearest Rand.) INFORMATION Purchases Issues Balance Date Quantity Price Amount Quantity Price Amount Quantity Price Amount 01 09 12 18 1 500 10 15 000 1 000 4 500 11 49 500 4 000 9000 12 108 000 27 6000 1.2 REQUIRED Use the information provided below to calculate the following in respect of the project: Schedule variance Cost performance index Estimate to complete INFORMATION The following information is available for a project undertaken by Maxi Limited Planned value Earned value Actual cost Budget at completion 1.2.1 1.2.2 1.2.3 R278 000 R172 200 R287 000 R600 000