A Project Has Four Activities: A, B, C, and D

question 94

Multiple Choice

A project has four activities: A, B, C, and D. The amount spent on each activity to date is $22K, $14K, $12K, and $28K respectively. The planned percentages complete for the current date are 90%, 80%, 70%, and 20% respectively. The actual percentages complete for the current date are 100%, 90%, 75%, and 10% respectively. The actual cost of the work performed to date is $40K. What is the cost variance for the project?

• A) Under 1.00K
• B) 1.00K− 1.20K
• C) 1.21K− 1.40K
• D) 1.41K − 1.60K
• E) Over 1.60K

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Definitions:

Labor Movement

A social and political movement advocating for the rights, conditions, and interests of working people, with organized labor unions playing a central role in negotiating wages, benefits, and working conditions.

Conspiracy Laws

Legislation aimed at penalizing agreements or plans made among individuals or groups to commit unlawful acts or to harm the public interest.

Pension Plans

Financial programs established to provide retirees with income, often sourced from employers or unions, typically funded through employee and employer contributions over the employee's career.