Question

In: Accounting

Question 1 <Budget & Schedule> Budget Start Week End Week Task1 93,019 1 10 Task2 140,853...

Question 1

  1. <Budget & Schedule>

    Budget Start Week End Week
    Task1 93,019 1 10
    Task2 140,853 1 10
    Task3 183,921 1 10
    Task4 205,017 1 10

    <Cost Loaded Schedule>

    Week1 Week2 Week3 Week4 Week5
    Task1 10% of Budget 10% of Budget 10% of Budget 10% of Budget 10% of Budget
    Task2 10% of Budget 10% of Budget 10% of Budget 15% of Budget 15% of Budget
    Task3 10% of Budget 10% of Budget 10% of Budget 15% of Budget 15% of Budget
    Task4 15% of Budget 15% of Budget 5% of Budget 5% of Budget 5% of Budget

    <Percentage of Completion>

    Week1 Week2 Week3 Week4 Week5
    Task1 8% of Budget 10% of Budget 10% of Budget 15% of Budget 15% of Budget
    Task2 10% of Budget 10% of Budget 10% of Budget 15% of Budget 15% of Budget
    Task3 10% of Budget 10% of Budget 10% of Budget 20% of Budget 20% of Budget
    Task4 20% of Budget 20% of Budget 10% of Budget 10% of Budget 10% of Budget

    <Actual Cost of Work Performed>

    Week1 Week2 Week3 Week4 Week5
    Task1 8% of Budget 12% of Budget 14% of Budget 18% of Budget 30% of Budget
    Task2 9% of Budget 10% of Budget 9% of Budget 15% of Budget 14% of Budget
    Task3 10% of Budget 10% of Budget 10% of Budget 20% of Budget 15% of Budget
    Task4 20% of Budget 25% of Budget 15% of Budget 20% of Budget 20% of Budget  

    What is BCWP of the project at the end of week 2 (BCWP accumulated from the beginning of the project)?

Solutions

Expert Solution

Working Notes :

Budgeted Cost Loaded -

Week 1 Week 2
Task 1      9,301.90      9,301.90
Task 2    14,085.30    14,085.30
Task 3    18,392.10    18,392.10
Task 4    30,752.55    30,752.55
Total    72,531.85    72,531.85

Final Answer , i.e. BCWP of the project

Week 1 Week 2
Task 1          744.15      1,116.23
Task 2      1,267.68      1,408.53
Task 3      1,839.21      1,839.21
Task 4      6,150.51      7,688.14
Total    10,001.55    12,052.11

BCWP of the project at the end of week 2 = 10,001.55+12,052.11 = 22,053.65


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