WBS Element Planned Value (PV) Earned Value (EV) Actual Cost (AC) 2.01 Airframe 48000 48000 50000 2.02 Engines 22000 21000 23000 2.03 Avionics 80000 60000 45000 2.04 Communications 30000 30000 30000 2.05 Tech. Manuals 42000 42000 48000 2.06 Spares 40000 35000 42000 2.07 Training 80000 80000 86000 Project Total 342000 316000 324000 Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project cost performance as of October 31, 20XX? Select one: a. The project is $26,000 under budget. b. The project is $8,000 over budget. c. The project is $18,000 over budget. d. The project is on budget.

WBS Element Planned Value (PV) Earned Value (EV) Actual Cost (AC) 2.01 Airframe 48000 48000 50000 2.02 Engines 22000 21000 23000 2.03 Avionics 80000 60000 45000 2.04 Communications 30000 30000 30000 2.05 Tech. Manuals 42000 42000 48000 2.06 Spares 40000 35000 42000 2.07 Training 80000 80000 86000 Project Total 342000 316000 324000 Figure 14.1 Drug Surveillance Aircraft Project - Monthly Performance Report (October 31, 20XX) Consider the project performance report presented in figure 14.1. What valid conclusion can you draw regarding the project cost performance as of October 31, 20XX? Select one: a. The project is $26,000 under budget. b. The project is $8,000 over budget. c. The project is $18,000 over budget. d. The project is on budget.

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 2.1C

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WBS Element	Planned Value (PV)	Earned Value (EV)	Actual Cost (AC)
2.01 Airframe	48000	48000	50000
2.02 Engines	22000	21000	23000
2.03 Avionics	80000	60000	45000
2.04 Communications	30000	30000	30000
2.05 Tech. Manuals	42000	42000	48000
2.06 Spares	40000	35000	42000
2.07 Training	80000	80000	86000
Project Total	342000	316000	324000