Engineering Board Exam Reviewer · Engineering Management · medium
A project has PV = ₱400,000, EV = ₱360,000 and AC = ₱450,000. What is the cost variance (CV)?
- ₱90,000
- −₱40,000
- −₱90,000
- −₱50,000
Answer
C. −₱90,000
Solution
CV = EV - AC = 360,000 - 450,000 = −₱90,000 (over budget).
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