the budget of a project is $1 million. The actual cost for work performed is currently $700k. The budgetted cost for work performed is $660k. What is the current progress of the project? The budgeted cost for work scheduled is 700k. Is it on schedule?
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- Each unit requires direct labor of 4.1 hours. The labor rate is $13.75 per hour and next years production is estimated at 75,000 units. What is the amount to be included in next years direct labor budget?Each unit requires direct labor of 2.2 hours. The labor rate is $11.50 per hour and next years direct labor budget totals $834.900. How many units are included in the production budget for next year?In a 5 months project and original budget of $1500, the 40% work are completed in 3 months at actual cost of $900. Determine (i) Estimate at Completion (EAC), (ii) Estimate to Completion (ETC), Schedule Performance Index (SPI), (iv) Estimate Time To Complete (ETTC). (Note: Currently the project is running overbudgeted with CPI = 0.67).
- If Activity X had a budgeted cost of $164,000 and a budgeted activity consumption of 8,000 engineering hours, what would the activity consumption rate be? $0.13 per hour $0.05 per hour $8 per hour $3 per hour $20.50 per hourA. Parkson Limited has produced an overhead budget for next year based on two levels of activity, 5000 units and 8,000 units. It needs to calculate budgeted figures based on an activity level of 6,800 units. The budgeted figures for activity levels of 5000 and 8,000 are shown below: Parkson Limited. Budgeted Overheads for the year ending 31 December 2015 Production (Units) 5000 8000 Type of Cost $ $ Building rent Fixed 20,000 20,000 Building Depreciation Fixed 31,500 31,500 Indirect labour Variable 25,000 40,000 Indirect materials Variable 15,000 24,000 Electricity Semi-variable 30,000 36,000 Stock insurance Semi-variable 30,000 38,400 Total 151,500 189,900 Required:Calculate the budgeted cost for each of the six types of overheads at an activitylevel of 6,800 units giving consideration to the fact that some overheads are fixedcosts, some are variable and some are semi-variable.The budgeted distribution costs for next year comprise transport costs of £568,000and customer order processing costs of £29,050. It is estimated that in the next year,8,300 orders will be processed and that the delivery vehicles will travel 400,000kilometres.One of the company’s customers has indicated that it will place 50 orders in the nextyear, each of which will involve a journey of 130 kilometres by delivery vehicle.What is the distribution cost for this customer? Show all workings
- A. Parkson Limited has produced an overhead budget for next year based on two levels of activity, 5000 units and 8,000 units. It needs to calculate budgeted figures based on an activity level of 6,800 units. The budgeted figures for activity levels of 5000 and 8,000 are shown below: Parkson Limited. Budgeted Overheads for the year ending 31 December 2015Production (Units) 5,000 8,000 Type of Cost $ $ Building rent Fixed 20,000 20,000 Building Depreciation Fixed 31,500 31,500Indirect labour Variable 25,000 40,000Indirect materials Variable 15,000 24,000Electricity Semi-variable 30,000 36,000Stock insurance Semi-variable 30,000…The fixed costs of operating the Bunatta Corp. are $4,800,000 annually. Variable costs are incurred at the rate of $25 per maintenance-hour. On average, the company incurs 38,000 maintenance-hours per year. Budgeted and actual hours per user for 2019 are as follows: Assume that budgeted maintenance-hours are used to calculate the allocation rates. Using a single-rate allocation and budgeted usage, how much will each department be allocated? Using a dual-rate allocation with fixed costs allocated according to budgeted hours and variable costs allocated to actual hours, how much overhead will each department be allocated?A Hospital Management System Development Project has a budgeted cost of Rs. 11,900,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 1,475,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV). Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows? If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project. What actions, You would suggest or take as a Project Manager, to keep the budget and time under control.
- Here is some data for Project "ABC" Budget $ 5,270 thousand Start Workday 15 Finish Workday 117 Reporting Day 34 Earned Value $ 204 thousand Planned Value $ 314 thousand Actual Cost $ 586 thousand Using a "Do-Nothing Forecast" predict the estimated finishing Workday when you expect the project will be completed (given that the project started on time)? If the project will be completed partway through a Workday, round UP to the next integer value. The allowed error margin is + 2 Workdays, with no deduction of marks. PLEASE GIVE ME COMPLETE ANSWERTJH bases its manufacturing overhead budget on machine hours. Estimated machine hours are 10,000 for the quarter. NUBD estimates its variable manufacturing overhead costs at P7 per machine hour. NUBD projects its fixed manufacturing overhead costs for the quarter to be P16,000 including P5,000 depreciation. By how much will manufacturing overhead costs affect the cash budget for the quarter?The master budget of Knope Inc. shows that the planned activity level for next year is expected to be 25,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor................................................. $720,000 Machine supplies.............................................180,000 Indirect materials.............................................210,000 Depreciation on factory building..................150,000 Total manufacturing overhead.................$1,260,000 A flexible budget for a level of activity of 30,000 machine hours would show total manufacturing overhead costs of Group of answer choices $1,260,000 $1,512,000 $1,362,000 $1,482,000