Cost variance formula - Study guides, Class notes & Summaries
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PMI Prep Exam #2 Questions & Answers 2024/2025
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PMI Prep Exam #2 Questions & Answers 2024/2025 
 
 
Planned Value (PV) - ANSWERSis the amount of the budget that was allocated to the work that was planned to be completed by a specific date. So today's planned value is the value of the work that should have been accomplished by now. 
 
Earned Value (EV) - ANSWERSis the actual value of the work that has been completed so far, based on the budgeted funds assigned to that work. In other words, it's the approved cost estimate of an activity multi...
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Test Bank for Management and Cost Accounting 11e, 11th Edition by Colin Drury
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Test Bank for Management and Cost Accounting 11e, 11th Edition by Colin Drury, Mike Tayles 
ISBN-13: 3615 
 
Full Chapters test bank included 
 
Part 1: Introduction to Management and Cost Accounting 
Chapter 1: Introduction to Management Accounting 
The Users of Accounting Information 
Differences between Management Accounting and Financial Accounting 
The Decision-Making, Planning and Control Process 
The Impact of the Changing Business Environment on Management Accounting 
Focus on Customer ...
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Revenue Management Final exam practice questions and answers 100% correct.
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What is bigger in the tourism industry, fixed costs or variable costs? 
fixed costs are bigger 
-Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs 
 
 
 
We can reduce prices (even below total cost per room), as long as the 
reduced price covers, fixed cost per room or variable cost per room? 
We can reduce prices as long as the reduced price covers the variable ...
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AQA A-level ACCOUNTING Paper 2 Accounting for analysis and decision-making JUNE 2023
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AQA 
 
 
 
 
 
A-level 
ACCOUNTING 
Paper 2 Accounting for analysis and decision-making 
 
Tuesday 6 June 2023	Morning	Time allowed: 3 hours 
Materials 
For this paper you must have: 
•	a calculator. 
 
Instructions 
•	Use black ink or black ball-point pen. 
•	Fill in the boxes at the top of this page. 
•	Answer all questions. 
•	You must answer the questions in the spaces provided. Do not write outside the box around each page or on blank pages. 
•	If you need extra space for your a...
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CAPM EXAM STUDY GUIDE QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A 2024
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5 process groups - Initiating 
Planning 
Executing 
Monitoring and Controlling 
Closing 
 
ten knowledge areas - Integration 
Scope 
Time 
Cost 
Quality 
HR 
Communications 
Risk 
Procurement 
Stakeholder management 
 
total float formula - total float = late finish - early finish 
 
normal distribution - bell curve - symmetrical distribution - 50% chance of falling below the mean and 50% chance of falling above the mean (1sigma=68.27%. 2sigma = 95.45%. 3sigma= 99.73%) 
 
triangular distribution...
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WGU C176 CompTIA Project+ questions with correct answers
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Three-point estimate Correct Answer-(most likely estimate + optimistic estimate + pessimistic estimate)/3 = (40 + 24 + 65)/3 = 43 hours 
 
formula for SV (schedule variance) Correct Answer-SV = EV - PV 
 
project scope documents Correct Answer-product description, key deliverables, success and acceptance criteria, key performance indicators, exclusions, assumptions, and constraints 
 
scope statement Correct Answer-The scope statement is used as a baseline for future project decisions. The scope...
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CAPM Test Bank with 100% Correct Solutions |Latest 2024/2025
- Exam (elaborations) • 78 pages • 2024
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CAPM Test Bank with 100% Correct 
Solutions. 
5 process groups ️ Initiating 
Planning 
Executing 
Monitoring and Controlling 
Closing 
Ten knowledge areas ️ Integration 
Scope 
Time 
Cost 
Quality 
HR 
Communications 
Risk 
Procurement 
Stakeholder management 
total float formula ️ total float = late finish - early finish 
normal distribution ️ bell curve - symmetrical distribution - 50% chance 
of falling below the mean and 50% chance of falling above the mean 
(1sigma=68.27%. 2sigma = ...
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CAPM Chinmoy Exam Study Guide Graded A 2024
- Exam (elaborations) • 52 pages • 2024
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5 process groups - Initiating 
Planning 
Executing 
Monitoring and Controlling 
Closing 
 
ten knowledge areas - Integration 
Scope 
Time 
Cost 
Quality 
HR 
Communications 
Risk 
Procurement 
Stakeholder management 
 
total float formula - total float = late finish - early finish 
 
normal distribution - bell curve - symmetrical distribution - 50% chance of falling below the mean and 50% chance of falling above the mean (1sigma=68.27%. 2sigma = 95.45%. 3sigma= 99.73%) 
 
triangular distribution...
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IAAO 2023 Course 300 Exam with Complete Solutions
- Exam (elaborations) • 9 pages • 2023
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Scope of Work Rule - ANSWER-1. Identify the problem to be solved 
2. Determine and perform the scope of work necessary to develop credible assignment results 
3. Disclose the scope of work in the report 
 
Scope of work acceptability - ANSWER-When it meets or exceeds: 
1. Expectations of parties who are regularly intended users for similar assignments and 2. What an Appraiser's peers actions would be in performing the same or similar assignments 
 
Economic Basis of Model Building - ANSWER-Sup...
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CAPM Exam Knowledge Check with complete Solutions |Latest 2024/2025
- Exam (elaborations) • 22 pages • 2024
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CAPM Exam Knowledge Check with 
complete Solutions. 
Cost Variance formula ️ Earned Value (EV) - Actual Cost (AC) 
What are the 6 constraints? ️ Scope, Risk, Resources, Quality, Schedule, 
Budget 
Initiating (Process Group) ️ Processes performed to define a new 
PROJECT or a new PHASE of an existing project 
Planning (Process Group) ️ Processes performed to establish total scope 
of effort, define and refine objectives, and develop a course of action to 
attain the objectives 
Executing ...
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