Question
The project manager establishes a material budget of 100 units (which includes 10 units for scrap factor) at a price of $150 per unit. Therefore,
The project manager establishes a material budget of 100 units (which includes 10 units for scrap factor) at a price of $150 per unit. Therefore, the material budget was set at $15,000. At the end of the short project, material actuals (ACWP) came in at $15,950, which was $950 over budget. What happened?
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Step: 1
When the ACWP Actual Cost Work Completed exceeds the material budget there are two causes of that i ...
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
