Duration (Weeks) -Use the Data to Calculate the Earned Value for the |

question 104

Multiple Choice

Duration (weeks)
$$\begin{array} { | l | l | l | l | l | l | l | } \hline & 5 & 10 & 15 & 20 & 25 &\%\mathrm { Cormp } \\\hline \text { Conceptual desiern } & 10 & 6 & & & & 100 \% \\\hline \text { Craphics desigrl } & & 12 & 6 & 4 & & 100 \% \\\hline \text { Copyright } & & & 4 & 5 & 6 & 100 \% \\\hline \text { Barmples } & & & 4 & 2 & & 70 \% \\\hline \text { Toolirg } & & & 6 & 9 & 4 & 50 \% \\\hline \text { Production } & & & 2 & 6 & 14 & 20 \% \\\hline \text { Total } & 10 & 18 & 22 & 26 & 24 & \\\hline \text { Currulative } & 10 & 28 & 50 & 76 & 100 & \\\hline\end{array}$$
-Use the data to calculate the earned value for the project.All amounts are in thousands of dollars.

• A)$65,500
• B)$69,550
• C)$71,100
• D)$76,125

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Definitions:

Equivalent Units

A concept in cost accounting used to express the amount of work done by incomplete units in terms of fully completed units.

Average Cost Method

An inventory costing method that determines the cost of goods sold and ending inventory based on the average cost of all similar items available during the period.

Milling Blanks

The process of machining raw materials into a preliminary shape before further processing.

Sheet Steel

Thin, flat steel that is produced in sheets, commonly used in automotive manufacturing, construction, and appliance manufacturing.