Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fred Ridgeway has been given the responsibility of managing a training and development program. The project has progressed over the past several months, Fred would

Fred Ridgeway has been given the responsibility of managing a training and development program. The project has progressed over the past several months, Fred would like to know the current status of the project with regard to schedule and budget by developing an appropriate table. The relevant data is provided below.

ACTIVITY PERCENTAGE COMPLETED BUDGETED COST ACTUAL COST A 100 $10,000 $13,000 B 100 $14,000 $12,000 C 100 $5,000 $6,000 D 100 $6,000 $6,000 E 60 $14,000 $9,000 F 10 $13,000 $800 G 80 $4,000 $3,600 H 15 $6,000 $375 j) What is the difference between value of the work completed for Activity A and the actual cost of Activity A? (A positive value means the actual cost exceeds the value of the work completed)

k) What is the difference between value of the work completed for Activity B and the actual cost of Activity B?

l) What is the difference between value of the work completed for Activity C and the actual cost of Activity C?

m) What is the difference between value of the work completed for Activity D and the actual cost of Activity D?

n) What is the difference between value of the work completed for Activity E and the actual cost of Activity E?

o) What is the difference between value of the work completed for Activity F and the actual cost of Activity F?

p) What is the difference between value of the work completed for Activity G and the actual cost of Activity G?

q) What is the difference between value of the work completed for Activity H and the actual cost of Activity H?

r) Currently the total project is: over budget by $1,975; under budget by $1,975; over budget by$8,025; or under budget by $8,025

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Finance

Authors: Besley, Scott Besley, Eugene F Brigham, Brigham

4th Edition

0324655886, 9780324655889

More Books

Students also viewed these Finance questions

Question

What are some reasons a firm may repurchase its own stock?

Answered: 1 week ago

Question

understand gender differences with regard to work-related outcomes;

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago