Use the Earned Value Table for Project Makeready to Determine

question 99

Multiple Choice

Use the earned value table for Project Makeready to determine the schedule variance. $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | } \hline \text { Activity } & 7 & 14 & 21 & 28 & 35 & 42 & 49 & \text { plan } & 8 \text { Complete } \\\hline \text { Install fixtures } & 325 & 250 & & & & & & 575 & 100 \% \\\hline \text { Refinish floors } & & 550 & 85 & & & & & 635 & 100 \% \\\hline \text { Replace doors } & & & 350 & 275 & & & & 625 & 100 \% \\\hline \text { Complete tiling } & & & & 1,200565 & & & 1,765 & 80 \% \\\hline \text { Install back door } & & & & & 875 & 225 & & 1,10070 \% \\\hline \text { Landscaping } & & & & & & 200 & 350 & 550 & 25 \% \\\hline \text { Monthly Plan } & 325 & 800 & 435 & 1,475 & 1,440425 & 350 & 5,250 & \\\hline \text { Monthly Act } & 550 & 550 & 550 & 1,100 \mid 1,650 & 550 & 1,100 & & \\\hline\end{array}$$

• A)-$1,896
• B)-$1,096
• C)-$800
• D)-$206

---

Definitions:

Net Income

The amount of money a company has earned during a specific period, after all deductions are made.

Ordinary Repairs

Expenses for routine maintenance and repairs that maintain the efficient operation of an asset but do not materially extend its life or increase its value.

Hydraulic Lift

A system that uses a fluid-driven mechanism to lift or move objects, often utilized in various machinery and equipment.

Appraised Value

The estimated monetary value of an asset determined by a qualified appraiser based on its condition and market trends.