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Company: EFG Energy Scenario: Cost Control in Projects Data: Projected Costs: $2,000,000 Actual Costs: $2,200,000 Projected Timeline: 12 months Actual Timeline: 14 months Requirements: Calculate
- Company: EFG Energy
Scenario: Cost Control in Projects
Data:
- Projected Costs: $2,000,000
- Actual Costs: $2,200,000
- Projected Timeline: 12 months
- Actual Timeline: 14 months
Requirements:
- Calculate the cost variance.
- Determine the timeline variance.
- Discuss the reasons for cost and timeline variances.
- Provide strategies for better cost control in future projects.
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
