HW 06. Earned Value Management 1. A tile crew contracted with a general contractor to finish flooring of a single-family house. The house size 1s 7,000 sf (100 x 70) and one tile unit size 1s 12\"7 x 24\". The tile crew must finish the floor in ten days and gets paid $0.5 per tile. At the end of day three, the tile crew has installed 700 tiles. Their actual cost (including his overhead and profit) was $1,150. 2. A subcontractor has to finish three types of finish materials to an existing building: Total Price 512,250 $3,400 $16,500 $32,150 Quantity Flooring (Wood) 3,500 sf Flooring (Tile) I 1,700 sf Paint - | 5,_500 sf . The subcontractor was given 20 days to finish all work. Assume the subcontractor has crews to start all three jobs concurrently. 5 days after the start of the work, the progress 1s, Totals Type Quantity Installed | Actual Cost Flooring (Wood) 1,000 sf $3,750 Flooring (Tile) 450 sf $700 Paint 2,000 sf $5,000 Totals | $9,450 Perform the earned value analysis on the task above (total and individual task) and interpret the results