Question
I am reviewing a Project cost estimate and it has 5 columns; Total cost, Baseline Cost, Cost variance, actual cost and Remaining cost for example;
I am reviewing a Project cost estimate and it has 5 columns; Total cost, Baseline Cost, Cost variance, actual cost and Remaining cost for example;
Total cost: $30,380, Cost Variance: $8,080, Actual Cost: $20,453 and Remaining Cost: $9,926.
Can you help and explain in simpler term what all this means?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
